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For Sale

405 Gaines School Rd

Athens, GA 30605

$750,000

405 Gaines School Rd - Photo 1
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1955

Year Built

1.03

Acres

0

Days Listed

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.

School Zones

Clarke County School District

Rating: 6/10

Serving Athens-Clarke County with a diverse range of programs including magnet and STEM schools.

High School Zones

This district has multiple attendance zones. The assigned school depends on the specific address.

Clarke Central High School6/10
Cedar Shoals High School5/10

Middle Schools

Clarke Middle School6/10
Hilsman Middle School5/10

Elementary Schools

Barrow Elementary6/10
Chase Street Elementary7/10
Timothy Road Elementary7/10

Schools are a top factor for homebuyers. Dean can help you find the perfect home in your preferred school zone.

Call Dean
Dean Bright

Dean Bright

Athens Elite Real Estate

24+ Years Experience

Ready to see this property? Schedule a private showing or call Dean directly.

Call: 706-340-1701

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