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31819353
31819352

823 Prince Ave, Athens, GA 30606

DH
GA GA 428292
Stirling Real Estate Advisors
AW
GA GA 407155
Stirling Real Estate Advisors
Listed by Stirling Real Estate Advisors
$2,500,000
83 days on market
Updated 9 days ago

Landmark Commercial Corner For Sale | Flowerland

Details
APN 122B2 B001
Property Type Hospitality, Mixed Use (+3)
Sub Type Creative Office, Medical Office (+1)
Square Footage 3,921
Net Rentable (SqFt) 3,921
Units 1
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $638
Broker Co-Op Yes
Class B
Year Built 1970
Year Renovated 1985
Buildings 1
Stories 1
Acreage 0.580
Zoning C-O
Parking Spaces 20 per 1,000 sq ft
Investment Type Redevelopment
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Iconic Pin-Corner Intersection

Marketing description

823 Prince Ave offers a premier commercial opportunity in the heart of Athens, GA. This highly visible location, currently home to the long-standing Flowerland florist, sits at the gateway between Downtown Athens and the vibrant Normaltown district.

Prime Corner Location: Situated on the northeast corner of the Prince and Milledge intersection, providing unparalleled visibility to both pedestrian and vehicular traffic and assembling the vacant adjacent lot to maximize redevelopment potential.

Neighborhood Context: Located within the Prince Avenue corridor, an area characterized by historic architecture, trendy local eateries, and close proximity to the University of Georgia.

The 30606 zip code represents one of the most affluent and stable commercial sectors in Athens.

• Median Household Income: $63,328 (higher than the Athens-Clarke County average of $53,625).

• Average Household Income: $103,033.

• Daily Traffic: Prince Avenue sees approximately 19,400 to 21,400+ vehicles per day.

• Nearby Anchors: Dining/Retail: Hendershot's, The Bottleworks, Taqueria Del Sol, and Big City Bread Cafe.

◦ Services: Uniforms Unlimited and Piedmont Athens Regional.

The Prince Avenue Corridor is the premier medical and professional artery of Athens, driven by Piedmont Athens Regional and proximity to the University of Georgia. This high-affluence pocket (30606) continues to outpace local averages in both household income and steady population growth.

Investment highlights

  • Prime Corridor Location: Exceptional visibility with approximately 19,400 vehicles per day and a prominent corner presence.
  • Flexible Zoning (C-O): The Commercial-Office zoning supports a wide range of professional, medical, and limited retail uses, ideal for the area's high concentration of white-collar and healthcare professionals.
  • In-Place Infrastructure: The existing 3,921 sq. ft. building (built in 1970, renovated in 1985) is situated on a 0.58-acre lot that is almost entirely paved, providing ample on-site parking.
  • Strong Demographics: Located in an area with a daytime population of over 11,000 within one mile, driven by major institutional employers.
  • Corridor Improvements: Benefit from recent Athens-Clarke County investments in "Complete Streets," which have enhanced bikeability and pedestrian access, increasing "stop-and-shop" potential.

Owner/User Scenarios

The current structure is well-suited for a variety of professional services looking for a signature Athens location:

  • Medical/Specialty Clinic: Capitalize on proximity to Piedmont Athens Regional by converting the space into a specialized outpatient clinic, dental office, or physical therapy center.
  • Professional Office Headquarters: Ideal for an architecture firm, law practice, or creative agency seeking a standalone building with private parking and high brand visibility.
  • Neighborhood Service-Retail: Perfect for high-end "boutique" services such as a specialized pharmacy, wellness studio, or professional grooming salon that caters to the affluent Cobbham/Boulevard residential base.

Redevelopment Potential

For investors looking to maximize the site's footprint, the property aligns with Athens-Clarke County's "Main Street Business" and "Mixed Density Residential" future land use goals:

  • Package Listing of 823 Prince Ave & 663 North Milledge Ave totaling .58ac.
  • Mixed-Use Development: Potential to redevelop into a multi-story storefront concept with ground-floor retail/office and 2–3 stories of boutique residential units or professional suites above.
  • Infill Strategy: The county prioritizes infill over greenfield expansion. A higher-density design could leverage the C-O zoning to create a more urban, street-facing structure that matches the historic neighborhood scale while increasing leasable square footage.
  • Boutique Residential/Hospitality: Given the "migration of downtown" toward Normaltown, the site could support high-end townhomes or professional-oriented apartments for medical residents and graduate students.

Listing Contacts

DH
GA GA 428292
Stirling Real Estate Advisors
AW
GA GA 407155
Stirling Real Estate Advisors
Listed by Stirling Real Estate Advisors

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Additional Information

Name
Dane Henderson
License
GA 428292
Brokerage
Stirling Real Estate Advisors
Brokerage Phone
7062259105
Title
Real Estate Broker
Brokerage Address
115 East Hancock Ave.
Name
Andrew Wallace
License
GA 407155
Brokerage
Stirling Real Estate Advisors
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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