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Property profile

244 Washington St Athens, GA 30601

OFF-MARKET
Office Spaces
Property ID
US22-4750527
4,784 SF 0.06 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,779-square-foot office building, constructed in 1920, presents a unique opportunity in the heart of Downtown Athens, Georgia. Located at 244 E Washington St, this Class B property boasts a coveted address directly across from the Athens-Clarke County Courthouse and City Hall, and just two blocks from the University of Georgia's North Campus. The building's single suite configuration offers seven private offices, a dedicated conference room, a reception area, a break room, and three restrooms. Two spacious multi-purpose areas provide ample room for collaboration or additional meeting space. The property sits on a 0.06-acre lot and is zoned C-D, offering flexibility for various business uses. Its prime location within the historic downtown business district ensures high visibility and foot traffic, with numerous restaurants, shops, and entertainment options nearby. The building's proximity to the UGA Arch and the Classic Center further enhances its appeal. The owner is open to subdividing the space into two smaller suites, providing added versatility for potential tenants. This historic building offers a blend of convenience, character, and an unbeatable location, making it an ideal space for a business seeking a prominent presence in Athens' vibrant downtown area. The property's APN is 171B5 C002A, located in Clarke County, GA, zip code 30601.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Total area 4,784 SF
Lot 0.06 ac (2,614 SF)
Zoning code C-D
APN 17-1-B5 C-002-A
UPID US22-4750527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Law Firm Insurance Agency
  • Law Firm
  • Law Firm
  • Factory Production Facility

Location

244 Washington St Athens, GA 30601-2749
Athens metro Census 100 ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.14M
CAP Approach CAP
$875k
Comparable Approach Comparable
$966k
Blend (final) Blend
$1.30M

Owner & transaction history

since 2025
Last sale
$1.3M
7 recorded transactions
2025
$1.3M
2021
$1.3M
2020
Price N/A
2017
Price N/A
2008
$131,000
2008
Price N/A
1969
Price N/A

Zoning & alternative use

C-D · Athens, GA
Zoning description

uilding footprints, driveways, walkways and other paved or otherwise impervious areas are included in this calculation. Different zones have varying maximum lot coverage requirements, from 100% allowable coverage in the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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