283 E Clayton St - Storefront Retail/Office FOR SALE


Athens, GA 30601
$5,000,000 USD
912-614-3379
283 E Clayton St, Athens, GA for Sale
$5,000,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | Request Cap Rate

283 E Clayton St
Athens, GA 30601


OVERVIEW

Marketing Description: The Tenas Building, located in the heart of the historic district of downtown Athens, Georgia. This building offers a once-in-a-generation opportunity to invest in both historic charm and modern potential. This historic 3-story building, spanning 10,989 square feet, is situated on a 0.08-acre corner lot at the signalized intersection of East Clayton and South Jackson Street. Located just two blocks from the iconic UGA arches, it sits right in the vibrant and bustling historic district of downtown Athens. The location alone offers unparalleled visibility and foot traffic, making it an ideal spot for a variety of business ventures. Opportunity to transform the ground floor into a trendy café, a chic boutique, or even a modern office space. The open layout of the second and third floors is ideal for creating stylish high-end apartments or luxurious condominiums, providing endless possibilities for customization including restoration of the building’s exterior by opening up closed windows and exposing the original brick. Investment Highlights: Prime Location: Corner lot in downtown Athens, just a short walk from the University of Georgia. Historic Charm: Nestled in the historic district, this building exudes character and charm. Spacious Layout: The second and third floors provide the perfect opportunity for conversion into high-end apartments or luxury condominiums, offering untapped potential for customization. Zoning: The property is zoned “Commercial Downtown,” allowing a multitude of commercial uses and a maximum of 16 beds. Ground Floor: Previously operated as Tenas Jewelry and Gifts, and before that as Fosters Jewelry, the ground floor is perfect for retail or a boutique business. High Ceilings: With 12-foot ceilings, the space feels open and airy, enhancing the overall ambiance. Well-Maintained: The current owners have maintained the property to a high standard, with no deferred maintenance. New Roof: A new TPO roof was installed in 2023, ensuring durability and peace of mind for years to come. Never Used as a Restaurant or Bar: The building has never been used as a restaurant or bar, offering a fresh start for any new venture. Don’t miss out on the chance to own a piece of Athens’ history while creating a vibrant future.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,663 SF

ZONING

C-D

APN/PARCEL ID

171B5-C-008

ASK ABOUT THIS PROPERTY

Brett DeLoachMarks Commercial Realty, IncMore Info
912-614-3379

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Brett DeLoachMarks Commercial Realty, IncMore Info
912-614-3379

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.