4,664 sqft

$750,000

405 Gaines School Road, Athens GA, 30605

Price per sqft$160.81

Built in1955

Property size4,664 sqft

Property typeCommercial

Overview

Active

New

Listed Sep 20, 2026

Updated 8 days ago

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.

Additional information

MLS^® ID: 10849759

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.03 Acres

Other Property Details

Taxes: $8,004
Tax Frequency: Annually
Association Fee Frequency: Yearly

Also listed on NCRMLS

Listed with UC Premier Properties

Based on information from Georgia MLS as of 9/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 5:09 AM UTC, 9/23/2026