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    3320 Old Jefferson Rd Athens, GA 30607

    Sponsored
    For Sale
    $3,300,000

    Prime medical office, owner-user opportunity.

    Property size:
    14,182 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Class A medical office building, situated in Athens, Georgia's thriving Athens Medical Specialty Park, presents a unique owner-user opportunity. The 14,182 square foot building, constructed in 2009, features three suites totaling 14,182 net rentable square feet, currently housing three tenants. Suite A, boasting over 7,500 square feet of main-level clinical space, is available for lease or owner-occupancy. Suite B, approximately 2,185 square feet, is leased to a podiatry practice until 2026. Suite C, a 3,927 square foot second-floor space, is also available for lease and is currently limited to administrative or ancillary uses per condo covenants. The property includes 36 parking spaces and sits on a 10,000 square foot lot. The asking price is $3,300,000, representing a pro-forma cap rate of 7.24% and a pro-forma NOI of $239,000. The building's strategic location within the medical park offers easy access to major Athens area hospitals, including Piedmont Athens Regional Hospital, just 2.1 miles away, and is directly connected to the University Cancer and Blood Center's new Comprehensive Cancer Center. This presents an ideal opportunity for a practice seeking to establish or expand its presence in a high-demand medical market. An adjacent vacant lot with a 6,000 square foot building pad is also available for sale or build-to-suit. The property is fee simple ownership and the sale is by owner. Occupancy is slated for August 1, 2024.

    Property Features for 3320 Old Jefferson Rd

    General Information

    Property type
    Medical offices
    Square Feet
    14,182 SF
    Class
    A

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Established medical office park.
    • Excellent access to Athens‑area hospitals.
    • Owner‑user opportunity available.
    • Sale or lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Athens medical Specialty ... Medical Center Northeast Georgia Diag ... Diagnostic Center University Cancer & Blood ... Oncologist Pittman Plastic Surgery Skin Care Clinic Dr. Jeffrey A. Thomas, ... Oncologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.416147490115
    Latitude
    33.984832015949

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    FAQs

    What type of property is this?
    Medical office - Prime medical office, owner-user opportunity.
    Where is this medical office located?
    The property is located at 3320 Old Jefferson Rd Athens, GA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Established medical office park.; Excellent access to Athens-area hospitals.; Owner-user opportunity available.
    Request Owner's contact information
    3320 Old Jefferson Rd Athens, GA 30607
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    Athens, GA 30607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3320 Old Jefferson Rd Athens, GA 30607
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