Turnkey Office Space For
690 Oglethorpe Ave, Athens, GA
For Sale
Contact for pricing
Convenient office space inside the loop, ready for business.
Property Size1,380 SF
Lot Size1.27 Acres
Price / SF$217.39
Days on Market599
Property Features for 690 Oglethorpe Ave
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Pen Pointe Brokers LLC
(404) 425-8949
Listed By:
Victoria Willis
(770) 910-7459
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 25
Last Checked: Nov 6 at 11:30AM
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 Pen Pointe Brokers LLC
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Investment Insights
Based on property information with market context.
This 1,380 square foot office space is situated inside the loop. Currently used as an aestheticians office/spa, it previously housed a dental practice and could be easily converted back, with electrical and plumbing connections still in place in the floor. The property features a spacious lobby and receptionist area, three patient rooms, a small breakroom, two bathrooms, a large office or conference space, a laundry closet, and an outside break area. The property is located in a medical complex with ample parking. Extra insulation has been added in the attic for energy efficiency. This neat, clean, and trendy space is ready for business.
Key Highlights
- Prime location inside the loop, offering exceptional convenience and accessibility.
- Turn‑key office space, ready for immediate occupancy**.
- Adaptable layout suitable for various medical or professional uses (previously a dental practice and currently an aesthetics office/spa).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,885
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,700
$357.7K
Cap Rate 7%
$255,500
$255.5K
Cap Rate 9%
$198,722
$198.7K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$33.1K $24.00/SF
− Vacancy
−$3.3K −$2.40/SF
EGI
$29.8K $21.60/SF
− OpEx
−$11.9K −$8.64/SF
NOI
$17.9K $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%
$357,700
Cap Rate 7%
$255,500
Cap Rate 9%
$198,722
Alternative Uses
Best Use
Healthcare Medical
$255.5K
$223.6K – $298.1K
NOI $17,885 @ 7.0% cap · market cap 5.96%
Second Best
Office B
$255.2K
$223.3K – $297.7K
NOI $17,862 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$332.7K
$291.1K – $388.1K
NOI $23,287 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hawthorne Animal Hospital — 530 Hawthorne Ave, Athens, GA 30606
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- Dr. Karen Middendorf — 815 Hawthorne Ave, Athens, GA 30606, United States
- Dr. Anita Stampley — 2315 Prince Ave, Athens, GA 30606
Frequently Asked Questions
What type of property is this?
Medical Office Space - Convenient office space inside the loop, ready for business.
Where is this medical office space located?
The property is located at 690 Oglethorpe Ave Athens, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime location inside the loop, offering exceptional convenience and accessibility.; Turn‑key office space, ready for immediate occupancy**.; Adaptable layout suitable for various medical or professional uses (previously a dental practice and currently an aesthetics office/spa).
