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    394 S Milledge Ave Athens, GA 30605

    For Lease
    Contact for pricing

    Commercial space and apartments near University of Georgia.

    Property size:
    1,293 SF
    Lot size:
    2.25 Acres

    Property Features for 394 S Milledge Ave

    General Information

    Size
    1,293 SF
    Lot size
    2.25 Acres

    Source: Austin Sumner Properties Agent Austin Sumner Properties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Apartment Building Space

    Located at 394 Milledge, this property offers a premium location with significant exposure to the University of Georgia and the Five Points neighborhood. The property, formerly a two-story office building, underwent renovations in January 2021. The top floor has been converted into apartments. The main level, comprising 1,293 square feet, will be available as commercial space for lease in the fall of 2021.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Milledge Oaks Apartment Building Planned Giving Consultant Moulton & Hardin, Inc. ... Human Resource Consulting Stifel Financial Institution Eye Candy Lash ... Eyelash Salon

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3878187
    Latitude
    33.9507884

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    FAQs

    What type of property is this?
    Retail space - Commercial space and apartments near University of Georgia.
    Where is this retail space located?
    The property is located at 394 S Milledge Ave Athens, GA.
    What are key features of this property?
    This property features: - Premium location with great exposure to the University of Georgia and Five Points neighborhood.; - Top floor converted to apartments in January 2021.; - Main level will be commercial space available for lease in the fall of 2021.
    (706) 353-1039
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    394 S Milledge Ave Athens, GA 30605
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