524 Hill Street, Athens, GA 30601
Local realty services provided by:Better Homes and Gardens Real Estate Treasure
Listed by: courtney lawrence, heather fincher
Office: collegetown properties llc.
MLS#:CL348664
Source:NC_CCAR
Price summary
- Price:$1,575,000
- Price per sq. ft.:$323.14
About this home
Rare opportunity to own a high-visibility corner property at the intersection of Milledge Avenue and Hill Street, one of Athens’ most recognizable and heavily traveled locations. This spacious 8-bedroom property is currently occupied by commercial tenants, providing immediate income potential, while also offering the flexibility to be rezoned for residential use.
With its prime location near UGA, downtown Athens, and established residential neighborhoods, this property presents a compelling investment for those seeking long-term appreciation, redevelopment, or income generation. The existing layout allows for multiple use scenarios, including residential conversion, student housing, or continued commercial operation (buyer to verify zoning and use).
Highlights:
• Prime corner lot at Milledge Ave & Hill St
• 8 bedrooms / 3 half baths
• Currently income-producing with commercial tenants
• Potential for rezoning to residential
• Excellent visibility and accessibility
• Strong investment and redevelopment potential
• Close to University of Georgia, downtown, and campus amenities
Ideal for investors looking to reposition a well-located property in a high-demand Athens market. Whether held as a rental, redeveloped, or converted to residential use, this property offers versatility and upside rarely found at this location.
Reach out to Heather for more info on commercial tenants and timing....
Contact an agent
Home facts
- Year built:1868
- Listing ID #:CL348664
- Added:45 day(s) ago
- Updated:March 21, 2026 at 10:21 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Half bathrooms:3
- Living area:4,874 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heating
- Central air:Yes
Structure and exterior
- Year built:1868
- Building area:4,874 sq. ft.
- Lot area:0.56 Acres
- Architectural Style:Colonial
Finances and disclosures
- Price:$1,575,000
- Price per sq. ft.:$323.14
Features and amenities
- Laundry features:In Hall, In Kitchen, Laundry Room
Parking
- Garage:Yes
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