370 Gaines School Rd Athens, GA 30605
This exceptional investment opportunity presents a 2,638 square foot office building located at 370 Gaines School Road in Athens, Georgia. The property, built in 1950 and renovated in 2018, is classified as a Class B building and sits on a 0.54-acre lot. The building features a single story and is zoned CO. Currently operating as a stabilized investment, the property boasts a strong net operating income (NOI) of $32,746, resulting in an attractive 6.56% capitalization rate. The asking price is $499,000, translating to a price per square foot of $189.16. The entire 2,638 square feet is net rentable. The tenant is responsible for all maintenance. This property is offered for sale by owner and presents a compelling opportunity for investors seeking a stable, high-return investment in a desirable Athens location. Please note that the tenant should not be disturbed.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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