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Brick Office Building with Basement

2109 W Broad Street, Athens, GA 30606

For Sale
$1,700,000

Commercial Sale, Athens, GA

Property Size3,908 SF
Lot Size1.03 Acres
Price / SF$435.01
Days on Market96

Property Features for 2109 W Broad Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-G
Zoning description Commercial
Rooms Basement
Parking 20
Appliances Electric Water Heater
Directions Located at the corner of West Broad and Magnolia Streets
Standard status Active
APN 122C1-B-025
Size 3,908 SF
Lot size 1.03 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 2759/435 |
Tax Annual Amount 10190
Legal Description 2759/435 |

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Year built 1953
Floors in Building 1
Building materials Brick
Listing Agency: Corcoran Classic Living
Listed By: Callie Waller · License #338939
Added: Aug 3 Changed: Oct 20 Last Checked: Nov 6 at 11:06PM
MLS# CL357244

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.

Rey
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Investment Insights

Based on property information with market context.

This 3,908-square-foot office building occupies 1.03 acres and features brick construction, a basement, and a 1953 construction date. Electric heating, electric cooling, and an electric water heater serve the property, with public water and public sewer connections.

Located at 2109 W Broad Street in Athens, the property is near medical offices, hospitals, shopping, restaurants, UGA, and Downtown Athens. Parking is described as accommodating one or multiple businesses. The property carries C-G zoning and offers an office configuration with supporting site and utility improvements.

Key Highlights

  • 3,908 square feet of office space on 1.03 acres
  • C‑G zoning designation
  • Brick construction with a basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$50,584
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,680 $1.0M
Cap Rate 7%
$722,629 $722.6K
Cap Rate 9%
$562,044 $562.0K
Market Conditions
NOI Build-Up for 3,908 SF
Gross rent
$84.4K $21.60/SF
− Vacancy
−$17.0K −$4.34/SF
EGI
$67.4K $17.26/SF
− OpEx
−$16.9K −$4.31/SF
NOI
$50.6K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,680
Cap Rate 7%
$722,629
Cap Rate 9%
$562,044

Alternative Uses

Best Use
Office B
$722.6K
$632.3K – $843.1K (±1% cap)
NOI $50,584 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$942.1K
$824.3K – $1.10M (±1% cap)
NOI $65,947 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Royal Asian Massage Spa & Massage Center

Suggested Use

Top Pick Electrical Service Furniture & Home Goods Carpet & Flooring Store Plumbing Service Kitchen & Bath Showroom Storage Facility

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

Location Intelligence

Trade Area within ½ mile

1,189
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in Clarke County, GA

$195 Jul
$315 Aug
$264 Sep
$262 Oct

Properties on Market for Office buildings in Clarke County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - C-G zoning accompanies parking near medical offices, hospitals, shopping, restaurants, UGA, and Downtown Athens.
Where is this office building located?
The property is located at 2109 W Broad Street Athens, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,908 square feet of office space on 1.03 acres; C‑G zoning designation; Brick construction with a basement
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