Two-Building Medical Office
For Sale
$1,200,000
348 Oak Street, Athens, GA 30601
Commercial Sale, Athens, GA
Property Size4,470 SF
Lot Size0.63 Acres
Price / SF$268.46
Days on Market24
Property Features for 348 Oak Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-G
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
20
Appliances
Electric Water Heater
Directions
From GA-316E/US-29 take US-29 N/US-78 E/ Georgia 10Loop ramp to Univ of Georgia/Lexington/Hartwell. Merge onto US-29 N/US-78 E. Take the exit toward Lexington Rd. Use the left lane to take the ramp to Athens. Turn left onto Lexington Rd. 348 Oak St. will be on your left.
Standard status
Active
APN
172C1-B-005
Size
4,470 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
348 OAK ST
Tax Annual Amount
7786
Legal Description
348 OAK ST
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Building materials
Steel
Listing Agency:
Huff Realty LLC
(770) 765-3842
Listed By:
Shawna Huff · License #338116
(470) 485-5510
Added: Sep 17
Changed: Oct 8
Last Checked: Oct 10 at 7:06AM
MLS# CL366081
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.
Investment Insights
Based on property information with market context.
Two buildings occupy a 0.63-acre parcel at 348 Oak Street. The property totals 4,470 square feet: the 3,280-square-foot building is configured for dental-office operations, while the 1,190-square-foot building has been used as a dental lab. Both buildings were built in 1985 and have central heating and cooling, public water, and public sewer.
The larger building includes two administrative offices, an open patient area, two lab areas, a kitchen, two bathrooms, and storage. The smaller building offers flexible office, reception, kitchen, or lab areas and one bathroom. Its current tenant is on a month-to-month lease and may vacate with notice or discuss renewal.
The property is less than a mile from The Arch at UGA, Aikens Ford Arena, The Classic Center, and downtown Athens. Furniture, fixtures, and equipment are available for purchase.
The larger building includes two administrative offices, an open patient area, two lab areas, a kitchen, two bathrooms, and storage. The smaller building offers flexible office, reception, kitchen, or lab areas and one bathroom. Its current tenant is on a month-to-month lease and may vacate with notice or discuss renewal.
The property is less than a mile from The Arch at UGA, Aikens Ford Arena, The Classic Center, and downtown Athens. Furniture, fixtures, and equipment are available for purchase.
Key Highlights
- Two‑building medical office property on 0.63 acres
- 348 Oak Street building: ±3,280 square feet with dental‑office layout
- 342 Oak Street building: ±1,190 square feet, currently used as a dental lab
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,931
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,620
$1.2M
Cap Rate 7%
$827,586
$827.6K
Cap Rate 9%
$643,678
$643.7K
Market Conditions
NOI Build-Up for 4,470 SF
Gross rent
$107.3K $24.00/SF
− Vacancy
−$10.7K −$2.40/SF
EGI
$96.6K $21.60/SF
− OpEx
−$38.6K −$8.64/SF
NOI
$57.9K $12.96/SF
Area
Athens, GA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,620
Cap Rate 7%
$827,586
Cap Rate 9%
$643,678
Alternative Uses
Best Use
Healthcare Medical
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 4.83%
Second Best
Office B
$826.6K
$723.2K – $964.3K
NOI $57,859 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.08M
$942.9K – $1.26M
NOI $75,431 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30601, GA
25,036
Population
11,634
Households
2.2
Avg Household Size
28
Median Age
37%
College-Educated
84%
High-School Grad
23.4 sq mi
ZIP Area
1,070
Density / Sq Mi
$37,357
Median Household Income
$24,639
Median Earnings
$1,198
Median Rent
$213,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Brown Scott a DVM — 501 D. W. Brooks Drive, Athens, GA 30602, United States
- UGA College of Veterinary Medicine Public Relations Office — 501 D. W. Brooks Drive, Athens, GA 30602
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental-office and laboratory layouts are in place, with C-G zoning.
Where is this medical office space located?
The property is located at 348 Oak Street Athens, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑building medical office property on 0.63 acres; 348 Oak Street building: ±3,280 square feet with dental‑office layout; 342 Oak Street building: ±1,190 square feet, currently used as a dental lab
