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Two-Story Office Building with Parking

337 S Milledge Avenue Athens Athens, GA 30605

New

337 S Milledge Avenue Athens, Athens, GA, 30605

$7,800,000

For Sale

$7,800,000

Two-story office building on South Milledge Avenue with additional Harris Street frontage and 119 parking spaces.

Property Size21,824 SF

Price / SF$357.40

AddedJul 15

Days on Market1

Last RefreshJul 15 at 2:43 am

Property Features for 337 S Milledge Avenue Athens

General Information

Standard status: Active
Size: 21,824 SF

Building Details

Year Built: 1968

Listing office

Listing date Jul 15, 2026

Source Red1realty

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 David Tshibambe

Investment Insights

Based on property information with market context.

This two-story office building offers approximately 22,000 square feet of commercial space, and is presented for sale for the first time. The property is configured to serve office use and includes 119 parking spaces for tenants and visitors.

The building has double road frontage on Milledge Avenue and Harris Street, providing visibility and access from both streets. It is located near Downtown Athens and Five Points, with the provided location description noting proximity to West Broad Street.

The property also includes a parking lot that generates income from rental agreements tied to game days and other special events, according to the public remarks.

Key Highlights

Two‑story office building in the Milledge Avenue Historic District with about 22,000 SF (per tax record).
Double road frontage on Milledge Avenue and Harris Street.
Located on South Milledge Avenue, about 0.25 miles from West Broad Street.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$471.4k	$21.60
− Vacancy	−$94.8k	−$4.34
EGI	$376.6k	$17.26
− OpEx	−$94.2k	−$4.31
NOI	$282.5k	$12.94

21,824 SF · lease $21.60/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.04M

$3.53M – $4.71M (±1% cap)

NOI $282,485 @ 7.0% cap · market cap 3.62%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.26M

$4.60M – $6.14M (±1% cap)

NOI $368,277 @ 7.0% cap · market cap 4.72%

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

Property Analytics

Location Intelligence

Current Use by Public Records

Batesoft Computer & Electronic Repair IONX3 Technologies, Inc. Tech Support Center Greener Accounting & Tax ... Tax Preparation K. R. Love ... Consultant Kenneth Dious & Associates Law Firm

Suggested Use

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For sale
Office buildings
GA
Athens
30605
337 S Milledge Avenue Athens

What type of property is this?

Office building - Two-story office building on South Milledge Avenue with additional Harris Street frontage and 119 parking spaces.

Where is this office building located?

The property is located at 337 S Milledge Avenue Athens Athens, GA.

What is the asking price?

The asking price for this property is $7,800,000.

What are key features of this property?

This property features: Two‑story office building in the Milledge Avenue Historic District with about 22,000 SF (per tax record).; Double road frontage on Milledge Avenue and Harris Street.; Located on South Milledge Avenue, about 0.25 miles from West Broad Street.