For Sale
Property summary
This exceptional three-story, 10,989 square foot mixed-use building presents a unique investment opportunity in the heart of Athens, Georgia's historic district. Situated on a 0.08-acre corner lot at the intersection of East Clayton and South Jackson Streets, just two blocks from the University of Georgia, this property boasts unparalleled visibility and high foot traffic. Built in 1900 and renovated in 2009, the building features 12-foot ceilings and a recently installed (2023) TPO roof. Currently zoned "Commercial Downtown," it allows for a variety of uses, including retail, office, and residential, with a maximum of 16 beds permitted. The ground floor, previously used for retail, offers an ideal space for a boutique or similar business. The upper two floors provide ample space for conversion into high-end apartments or condominiums, offering significant potential for customization, including the restoration of original brickwork. This well-maintained property, with no deferred maintenance, represents a chance to acquire a piece of Athens history while creating a vibrant future. The asking price is $5,000,000. The property's address is 283 E Clayton St, Athens, GA 30601. The APN is 171B5 C008.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-D · Athens, GAuilding 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-D in Athens, GA.
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