555 Research DrAthens, GA 30605

Property Details for 555 Research Dr

Year built

1983

Construction

STEEL FRAME

Lot size

0.06 AC

Property size (Sq ft)

3,965 SF

Zone code

C-O

Property type

Office properties

Property subtype

Other office properties

APN

17-4-D4 A-001

APU

174D4A001

Description

This 3,965 square foot, two-story office building in Athens, Georgia, presents a compelling investment opportunity. Located in East Athens-Clarke County on Research Drive, this Class C property enjoys a convenient location near Barnett Shoals Drive and College Station Road, offering easy access to Loop 10 ramps and the University of Georgia's East Campus. Built in 1983 and renovated in 2002, the building sits within a small office complex, surrounded by apartments, subdivisions, retail, and the UGA Veterinary Teaching Hospital. The flexible floor plan allows for diverse tenant configurations. The first floor currently houses a holistic healthcare group and a yoga studio, each with distinct layouts including reception areas, exam rooms, open spaces, and multiple bathrooms. The second floor offers additional office and meeting spaces, along with a large breakroom/kitchenette and bathrooms. The property is zoned C-O and includes one building on a single lot (APN: 174D4 A001). Currently, three month-to-month tenants occupy the space, providing immediate income potential or the flexibility to renovate for a single tenant. The asking price is $535,500. This property offers a strong return on investment with its prime location and adaptable space.

• CAP approach

  CAP return

  Valuation

  6%

  $695,838

  6.5%

  $642,312

  7%

  $596,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,418

  Geo Method

  $457,418

• Alternative Use

  Use

  Valuation

  Residential

  $796,467

  Hospitality

  $729,560

  Educational

  $606,985

  Medical

  $627,860

  Retail

  $944,199

Location Insight

City

Athens

County

Clarke

State

Georgia

Latitude

33.9287

Longitude

-83.3453

CBSA code

12020

CBSA name

ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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