Historic Five-Story Office
8 N Court Athens, OH 45701
8 N Court, Athens, OH, 45701
$2,800,000
For Sale
$2,800,000
Five-story historic office building with rented upper floors and first-floor space anchored by Fluff Bakery.
Property Size17,871 SF
Price / SF$156.68
Days on Market738
Property Features for 8 N Court
General Information
- Standard status
- Active
- Size
- 17,871 SF
Listing agency
The Athens Real Estate Co., Ltd.
(740) 590-0902
Listed by
Susan Barga
(740) 590-0902
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 22 at 9:30AM Checked: Jul 22 at 9:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Athens Real Estate Co., Ltd.
Investment Insights
Based on property information with market context.
8 N Court is a five-story historic office building with traditional woodwork, tall ceilings, and large windows throughout. The first floor includes Fluff Bakery and the former Pita Pit, while floors 2 through 5 are rented office space. The layout is described as easy to configure for individual tenant needs.
The offering includes 17 Mill Street, a parking lot with 14 spaces. The building is zoned B2D, Downtown Business Zone, and the parking lot is zoned R1; buyers should confirm intended use requirements with Athens City Code.
With excellent rental history noted over the years, the property is approximately 17,000+ square feet and represents a straightforward, multi-floor office ownership with on-site parking included in the sale.
The offering includes 17 Mill Street, a parking lot with 14 spaces. The building is zoned B2D, Downtown Business Zone, and the parking lot is zoned R1; buyers should confirm intended use requirements with Athens City Code.
With excellent rental history noted over the years, the property is approximately 17,000+ square feet and represents a straightforward, multi-floor office ownership with on-site parking included in the sale.
Key Highlights
- Five‑story historic office building in Uptown Athens, OH
- First floor includes Fluff Bakery and the former Pita Pit space
- Floors 2‑5 are rented office space with excellent rental history
Local Financial Insights For Office B
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 | $321.7k | $18.00 |
| − Vacancy | −$38.6k | −$2.16 |
| EGI | $283.1k | $15.84 |
| − OpEx | −$70.8k | −$3.96 |
| NOI | $212.3k | $11.88 |
17,871 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.54M
NOI $212,307 @ 7.0% cap · market cap 7.58%
Second Best
Retail
$1.81M
$1.58M – $2.11M
NOI $126,593 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,702 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Origin Massage Therapy
Alternative Medicine Practice
Rainstoppers Roofing
Roofing Company
L. Scott Petroff ...
Law Firm
Bradford Thomas Meyers
Physician
Dr. Bradford Meyers
Physician
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FAQs
What type of property is this?
Office building - Five-story historic office building with rented upper floors and first-floor space anchored by Fluff Bakery.
Where is this office building located?
The property is located at 8 N Court Athens, OH.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Five‑story historic office building in Uptown Athens, OH; First floor includes Fluff Bakery and the former Pita Pit space; Floors 2‑5 are rented office space with excellent rental history
