REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Paul Cooke

paul.cooke@exprealty.com +1(706) 714-8553

$ 750,000

Est. payment -/mo

Save

New

405 Gaines School RD Athens, GA 30605

4,664 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial,Office

Listing Status New

Purchase Type For Sale

Square Footage 4,664 sqft

Price per Sqft $160

Subdivision No Subdivision

MLS Listing ID 10849759

HOA Y/N No

Year Built 1955

Annual Tax Amount $8,004

Tax Year 2025

Lot Size 1.030 Acres

Acres 1.03

Lot Dimensions 1.03

Property Sub-Type Commercial,Office

Source Georgia MLS 2

Property Description

A 4,664 SF multi-tenant office building on 1.089 acres at the corner of Gaines School Road and Ponderosa Drive in east Athens, fully leased across six suites to health care, wellness and professional service users. In-place net operating income is $51,811. At $750,000 that is a 6.91% cap rate and $160.81 per square foot. Suites run from roughly 250 to 2,700 SF, with a weighted average remaining lease term of about 3.0 years. Leases are gross. Operating expenses run 32.0% of gross income, or $5.24 per square foot. Rent roll, lease abstracts and operating detail are available to qualified buyers under a confidentiality agreement.

Location

State GA

County Clarke

Zoning C-O

Rooms

Bedroom Description No

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved, Parking Lot

Garage Spaces 31.0

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N No

Total Parking Spaces 31

Garage No

Private Pool No

Building

Lot Description City Lot, Corner Lot

Faces GPS Friendly

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction No

Others

Tax ID 233D1 D002

Special Listing Condition Updated/Remodeled

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(706) 714-8553

paul.cooke@exprealty.com

1461 Colliers Creek Rd, Watkinsville, GA 30677, USA