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Property profile & analytics

244 Washington St Athens, GA 30601-2749

  • Office Properties & Spaces
  • 4,784 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Mar 20, 2025
$1,250,000
Value Estimations
$1,115,000
Show details
Cap Rate Potential
4.4%
Office Properties & Spaces
Location Intelligence
Property ID
US22-4750527
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Athena Bioscience, LLC / Pharmaceutical Company
  • James C. Warnes LLP / Insurance Attorney
  • Ryan Swingle Attorney at Law / Law Firm
  • Classic City Law / Attorney
  • Metacel Pharmaceuticals / Pharmaceutical Company

Property Details for 244 Washington St

Year built
1920
Lot size
0.06 lot acres
Property size
4,784 SF
Zone code
C-D
Property type
Office Properties & Spaces
APN
17-1-B5 C-002-A
APU
171B5C002A

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,295,000
    ML approach
    $1,135,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $945,000
    6.5%
    $875,000
    7%
    $810,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $965,000
    Market price range: $224k - $1.04M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,395,000
    Current use
    MEDICAL BUILDING
    $1,150,000
    Change: -18% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Athens
County
Clarke
State
Georgia
Longitude
-83.3753
Latitude
33.9592
CBSA code
12020
CBSA name
ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,448
$114,816
$426,196
$541,012
-
$287,040
$1,065,489
$1,352,529
More about this property
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