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Building Details

Year built 1987

Flooring type Stone

Roof type Flat

Listing Agency: Auction Management Corporation Show Phone

Listed By: Julian Howell

Added: Aug 27 Changed: Oct 13 Last Checked: Oct 15 at 4:06PM

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MLS# 11953759

Copyright © 2026 My State 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 freestanding, single-story brewery facility contains approximately 17,000+/- square feet on 1.37+/- acres. The building was constructed in 1987 and renovated in 2017, with stone flooring, a flat roof, indoor and outdoor seating areas, and on-site parking. Brewery and restaurant/taproom equipment may be purchased with the real estate or separately.

The property is located just off Atlanta Highway in Athens-Clarke County and is adjacent to the 75+/- acre Georgia Square Mall site. It is served by Athens-Clarke County water and sewer and carries G-C, General Commercial zoning. The zoning supports brewery, restaurant, event venue, food-and-beverage production, retail, office, and flex commercial uses.

Key Highlights

• 17,000+/- SF freestanding, single‑story commercial building
• 1.37+/- acres with on‑site parking and indoor and outdoor seating areas
• Built in 1987 and renovated in 2017

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$103,561

Cap Rate

5.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,071,220 $2.1M

Cap Rate 7%

$1,479,443 $1.5M

Cap Rate 9%

$1,150,678 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,000 SF

Gross rent

$161.2K $9.48/SF

− Vacancy

−$13.2K −$0.78/SF

EGI

$147.9K $8.70/SF

− OpEx

−$44.4K −$2.61/SF

NOI

$103.6K $6.09/SF

Area

Athens, GA

Vacancy

8.20%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,071,220

Cap Rate 7%

$1,479,443

Cap Rate 9%

$1,150,678

Alternative Uses

Best Use

Specialty Retail

$3.62M

$3.17M – $4.22M (±1% cap)

NOI $253,368 @ 7.0% cap · market cap 14.54%

Second Best

Industrial

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,561 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$4.10M

$3.59M – $4.78M (±1% cap)

NOI $286,873 @ 7.0% cap · market cap 16.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Akademia Brewing Company Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop Daycare Center (Bike/Boat/Book/etc) Store Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

784

Businesses Nearby

Explore this area Business Placement

Demographics for 30606, GA

46,798

Population

22,603

Households

2.1

Avg Household Size

33

Median Age

52%

College-Educated

93%

High-School Grad

30.7 sq mi

ZIP Area

1,524

Density / Sq Mi

$61,397

Median Household Income

$35,854

Median Earnings

$1,222

Median Rent

$332,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Brewery - Single-story facility with brewery, dining, taproom, and outdoor seating improvements.

Where is this brewery located?

The property is located at 150 Crane Drive Athens, GA.

What is the asking price?

The asking price for this property is $1,743,076.

What are key features of this property?

This property features: 17,000+/- SF freestanding, single‑story commercial building; 1.37+/- acres with on‑site parking and indoor and outdoor seating areas; Built in 1987 and renovated in 2017