100 Prince Ave
Athens, GA 30601 Pulaski Heights

• Unit Size: 24,350 SF
• Condo Use: Retail
• Price: $6,000,000 USD
• Sale Type: Investment
• Price/SF: $246.41 USD

Description

The condo is located at 100 Prince Avenue in Athens, Georgia, within close proximity to the city’s downtown business district and the University of Georgia campus. It sits along a primary connector roadway with nearby residential neighborhoods and commercial developments. Surrounding sites include food service establishments, retail stores, and mixed-use developments. The region provides access via major thoroughfares including Broad Street and Milledge Avenue and is approximately 1.3 miles from Sanford Stadium. The zoning for the property is C-D, and the surrounding area reflects a concentration of retail and hospitality services.

Sale Notes

100 Prince offers a unique opportunity to acquire a modern mixed-use retail condominium property located in the heart of Athens, Georgia. This 24,350 SF asset features six dedicated commercial spaces, fully occupied by established tenants, delivering a diversified and steady revenue stream. Built in 2020, the property exemplifies contemporary design and quality construction, minimizing near-term capital needs for new ownership.
Positioned on Prince Avenue, a high-visibility corridor with strong connectivity to downtown Athens, the property lies within walking distance of the University of Georgia campus. Surrounding amenities include national retailers, local dining staples, and hospitality brands, all of which contribute to robust pedestrian traffic and high consumer demand. Tenancy is composed of well-known regional culinary and service brands, further reinforcing stability and market appeal. Combined with a favorable C-D zoning designation, this property offers an exceptional balance of income security and growth potential in one of Georgia’s most vibrant urban centers. Positioned along Prince Avenue, a highly visible and well-traveled corridor, the asset benefits from strong connectivity to downtown Athens and major attractions, including Sanford Stadium only 1.3 miles away. The surrounding market includes numerous national and regional retailers, popular dining destinations, and high-density residential developments, delivering consistent foot traffic and consumer demand. With a current cap rate of 5.54% and NOI of $332,548, 100 Prince combines strong in-place income with long-term upside potential, making it a compelling acquisition for investors seeking stability and growth in one of Georgia’s most dynamic university cities.