Prime Athens Development
600 Pulaski Street Athens, GA 30601
600 Pulaski Street, Athens, GA, 30601
$3,999,000
For Sale
$3,999,000
LAND - Athens, GA
Property Size9,000 SF
Lot Size2.65 Acres
Price / SF$444.33
Days on Market868
Property Features for 600 Pulaski Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- C-N
- Standard status
- Active
- APN
- 163C4 B002
- Size
- 9,000 SF
- Lot size
- 2.65 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 17357
Building Details
- Additional Structures
- Storage
Listing Agency
Corcoran Classic Living
(706) 559-4520
940 Prince Avenue, Suite C, Athens, GA
Listed by
Stephanie Leathers · License #243115
(706) 255-6239
Added: Mar 1, 2024 Checked: Jul 17 at 10:06 am
MLS# CM1014704
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.65-acre property presents a townhome and mixed-use development opportunity within walking distance of Downtown Athens, GA. Architectural plans and civil engineering are complete for the new construction of 16 townhomes, including six 2-bedroom and ten 3-bedroom units with 4 floor plans. There is also an adaptive re-use opportunity for an existing approximately 9,000 SF Cotton Seed Oil warehouse. Proposed redesign of the warehouse includes 9 office and/or restaurant spaces. The site is located in the Pulaski Heights neighborhood, less than a mile from Downtown Athens, an area known for its blend of architecturally significant homes, renovated mill cottages, art, dining, and shopping. The property is described as the west-end gateway to Downtown, offering walkable proximity to Downtown Athens' shopping and dining, The Leathers Building, The Bottleworks, The University of Georgia, and Sanford Stadium. Residents will have pedestrian access to the restaurants, retail, and offices of Downtown and UGA. The property is steps away from the Pulaski Heights Trail, a paved multi-use walk/bike path connecting Pulaski Heights to Downtown. The sale includes architectural plans by Bork Design and site work by Koons Environmental. The townhouse design offers modern loft-style space with rooftop decks and views of Downtown Athens, featuring soaring ceilings and windows with abundant natural light. Design amenities include 3 levels of living space with rooftop indoor & outdoor living, expansive views, elevators in some plans, & 2 car garages. The existing Cotton Seed Oil Warehouse on site will be developed as commercial office. This is a "shovel ready" opportunity.
Key Highlights
- Shovel‑ready development opportunity with complete architectural plans and civil engineering for 16 townhomes and adaptive reuse of a 9,000 SF warehouse.
- Prime location in the 'hippest coolest neighborhood' of Pulaski Heights, walkable to Downtown Athens, UGA, and Sanford Stadium.
- Approved LDP and near‑complete legal documents facilitate a smooth transaction.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $21.60 |
| − Vacancy | −$15.6k | −$1.73 |
| EGI | $178.8k | $19.87 |
| − OpEx | −$44.7k | −$4.97 |
| NOI | $134.1k | $14.90 |
9,000 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,136 @ 7.0% cap · market cap 3.35%
Second Best
Office B
$1.66M
$1.46M – $1.94M
NOI $116,494 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,874 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 2.65 acres for townhomes, mixed-use, and adaptive reuse.
Where is this commercial land located?
The property is located at 600 Pulaski Street Athens, GA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Shovel‑ready development opportunity with complete architectural plans and civil engineering for 16 townhomes and adaptive reuse of a 9,000 SF warehouse.; Prime location in the 'hippest coolest neighborhood' of Pulaski Heights, walkable to Downtown Athens, UGA, and Sanford Stadium.; Approved LDP and near‑complete legal documents facilitate a smooth transaction.
