Prime Athens Development
For Sale
$3,999,000
600 Pulaski Street, Athens, GA 30601
LAND - Athens, GA
Property Size9,000 SF
Lot Size2.65 Acres
Price / SF$444.33
Days on Market881
Property Features for 600 Pulaski Street
General Information
Property type
Land
Property subtype
Other
Zoning
C-N
Zoning description
Multi Family
Subdivision
Pulaski Heights
Lot features
Level
Elementary school
Chase Street
Middle school
Clarke Middle
High school
Clarke Central
Directions
From downtown Athens, take Pulaski Street 0.25 mi to property on right.
Standard status
Active
APN
163C4 B002
Size
9,000 SF
Lot size
2.65 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
17357
Building Details
Additional Structures
Storage
Listing Agency:
Corcoran Classic Living
(706) 559-4520
Listed By:
Stephanie Leathers · License #243115
(706) 255-6239
Added: Mar 1, 2024
Changed: Jun 1
Last Checked: Jul 30 at 12:06PM
MLS# CM1014704
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.
This 2.65-acre property presents a townhome and mixed-use development opportunity within walking distance of Downtown Athens, GA. Architectural plans and civil engineering are complete for the new construction of 16 townhomes, including six 2-bedroom and ten 3-bedroom units with 4 floor plans. There is also an adaptive re-use opportunity for an existing approximately 9,000 SF Cotton Seed Oil warehouse. Proposed redesign of the warehouse includes 9 office and/or restaurant spaces. The site is located in the Pulaski Heights neighborhood, less than a mile from Downtown Athens, an area known for its blend of architecturally significant homes, renovated mill cottages, art, dining, and shopping. The property is described as the west-end gateway to Downtown, offering walkable proximity to Downtown Athens' shopping and dining, The Leathers Building, The Bottleworks, The University of Georgia, and Sanford Stadium. Residents will have pedestrian access to the restaurants, retail, and offices of Downtown and UGA. The property is steps away from the Pulaski Heights Trail, a paved multi-use walk/bike path connecting Pulaski Heights to Downtown. The sale includes architectural plans by Bork Design and site work by Koons Environmental. The townhouse design offers modern loft-style space with rooftop decks and views of Downtown Athens, featuring soaring ceilings and windows with abundant natural light. Design amenities include 3 levels of living space with rooftop indoor & outdoor living, expansive views, elevators in some plans, & 2 car garages. The existing Cotton Seed Oil Warehouse on site will be developed as commercial office. This is a "shovel ready" opportunity.
Key Highlights
- Shovel‑ready development opportunity with complete architectural plans and civil engineering for 16 townhomes and adaptive reuse of a 9,000 SF warehouse.
- Prime location in the 'hippest coolest neighborhood' of Pulaski Heights, walkable to Downtown Athens, UGA, and Sanford Stadium.
- Approved LDP and near‑complete legal documents facilitate a smooth transaction.
Financial Insights For Specialty Retail
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 | $194.4k | $21.60 |
| − Vacancy | −$15.6k | −$1.73 |
| EGI | $178.8k | $19.87 |
| − OpEx | −$44.7k | −$4.97 |
| NOI | $134.1k | $14.90 |
9,000 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,136 @ 7.0% cap · market cap 3.35%
Second Best
Office B
$1.66M
$1.46M – $1.94M
NOI $116,494 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,874 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.65 acres for townhomes, mixed-use, and adaptive reuse.
Where is this commercial land located?
The property is located at 600 Pulaski Street Athens, GA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Shovel‑ready development opportunity with complete architectural plans and civil engineering for 16 townhomes and adaptive reuse of a 9,000 SF warehouse.; Prime location in the 'hippest coolest neighborhood' of Pulaski Heights, walkable to Downtown Athens, UGA, and Sanford Stadium.; Approved LDP and near‑complete legal documents facilitate a smooth transaction.
