244 Washington StAthens, GA 30601

Property Details for 244 Washington St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

4,784 SF

Zone code

C-D

Property type

Office properties

Property subtype

Other office properties

APN

17-1-B5 C-002-A

APU

171B5C002A

Description

This exceptional 4,779-square-foot office building, constructed in 1920, presents a unique opportunity in the heart of Downtown Athens, Georgia. Located at 244 E Washington St, this Class B property boasts a coveted address directly across from the Athens-Clarke County Courthouse and City Hall, and just two blocks from the University of Georgia's North Campus. The building's single suite configuration offers seven private offices, a dedicated conference room, a reception area, a break room, and three restrooms. Two spacious multi-purpose areas provide ample room for collaboration or additional meeting space. The property sits on a 0.06-acre lot and is zoned C-D, offering flexibility for various business uses. Its prime location within the historic downtown business district ensures high visibility and foot traffic, with numerous restaurants, shops, and entertainment options nearby. The building's proximity to the UGA Arch and the Classic Center further enhances its appeal. The owner is open to subdividing the space into two smaller suites, providing added versatility for potential tenants. This historic building offers a blend of convenience, character, and an unbeatable location, making it an ideal space for a business seeking a prominent presence in Athens' vibrant downtown area. The property's APN is 171B5 C002A, located in Clarke County, GA, zip code 30601.

• CAP approach

  CAP return

  Valuation

  6%

  $839,569

  6.5%

  $774,987

  7%

  $719,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $674,904

  Geo Method

  $674,904

• Alternative Use

  Use

  Valuation

  Residential

  $960,984

  Hospitality

  $880,256

  Educational

  $732,362

  Medical

  $757,550

  Retail

  $1,139,231

Location Insight

City

Athens

County

Clarke

State

Georgia

Latitude

33.9592

Longitude

-83.3753

CBSA code

12020

CBSA name

ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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