320 Research DrAthens, GA 30605

Property Details for 320 Research Dr

Year built

1993

Construction

FRAME

Lot size

1.31 AC

Property size (Sq ft)

5,246 SF

Zone code

C-O

Property type

Office properties

Property subtype

Other office properties

APN

18-2-B -039

APU

182B039

Description

This exceptional 10,492 square foot, two-story office building, situated on a 1.31-acre lot in the Oakbrook Corporate Campus, presents a unique investment opportunity. Built in 1993, the Class D property features a spacious reception area with built-in desk and shelving, a tech closet/mail room, 14 main floor offices, a boardroom, and ample storage. The main floor also includes two single-stall restrooms and a water fountain. All main floor offices boast large windows overlooking the wooded property. The lower level, accessible via elevator or interior stairwell, offers 10 additional offices, 6 storage closets, a large meeting room, a kitchenette, and two double-stall restrooms. The property is zoned C-O and includes two parking lots. Its convenient location off Research Drive, between Barnett Shoals Road and College Station Road, provides easy access to two Loop-10 interchanges, UGA's East Campus, the UGA Veterinary Teaching Hospital, downtown Athens, and numerous dining options. The property's APN is 182B 039, located in Clarke County. This single-tenant building offers significant potential for a variety of businesses seeking a well-appointed and conveniently located office space. The building's features include an elevator and is situated in a serene, wooded setting.

• CAP approach

  CAP return

  Valuation

  6%

  $920,648

  6.5%

  $849,829

  7%

  $789,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,209

  Geo Method

  $605,209

• Alternative Use

  Use

  Valuation

  Residential

  $1,053,788

  Hospitality

  $965,264

  Educational

  $803,088

  Medical

  $830,708

  Retail

  $1,249,248

Location Insight

City

Athens

County

Clarke

State

Georgia

Latitude

33.928

Longitude

-83.3498

CBSA code

12020

CBSA name

ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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