Description
Prime 7.85-Acre Development Site - 940 College Avenue, Athens, GA Exceptional redevelopment opportunity in one of Georgia's most dynamic collegiate markets. This rare 7.85-acre parcelalong College Avenue offers unparalleled proximity to Downtown Athens and the University of Georgia (UGA), providing an ideal setting for mixed-use, residential, student housing, office, retail, or institutional development. Located just minutes from the vibrant Downtown Athens entertainment, dining, and cultural district, this site benefits from high visibility, excellent connectivity, and ready access to major thoroughfares. Equally important, it sits within walking distance of UGA's main campus - a perennial driver of Athens' real estate demand and long-term growth. Key Investment Highlights: Unmatched Location: Direct access to College Avenue and immediate proximity to downtown core, a highly walkable area with strong pedestrian activity and lifestyle amenities. The University of Georgia's enrollment continues to expand, with fall 2025 enrollment reaching approximately 43,888 students, up over the prior year and reflecting ongoing demand for student-oriented services, housing, and commercial offerings. In addition, UGA remains one of the nation's most competitive and sought-after public research universities. Record applicant volumes and strategic enrollment plans underline sustained interest and enrollment stability. Market Scarcity:Large, contiguous tracts in core Athens are extremely scarce. Sites of this size within walking distance of campus and downtown rarely come to market, presenting a unique opportunity for institutional or private developers. Whether envisioned for student housing, multifamily residential, mixed-use retail/office, or a strategic campus-oriented project, this site offers the scale, location, and market fundamentals that sophisticated buyers seek. Contact broker for detailed due diligence materials, zoning, utilities, aerials, and traffic data.
Details
| MLS # | CL349276 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Days On Site | 235 |
| Listing Provided By | CollegeTown Properties LLC | Chase Lawrence |
Features
| Acreage | 7.84 |
|---|---|
| Property View | Panoramic |
Interior
| Rooms Total | 0 |
|---|
Exterior
| Community Features | None |
|---|---|
| View | Panoramic |
| Construction Materials | Other |
Taxes
| Tax Legal Description | Yes |
|---|
Area Information
| State | GA |
|---|---|
| County | Clarke |
| City | Athens |
| Zip Code | 30601 |
| Listing VS Median (in 30601) | |
Price: $7,000,000 low | high Med: $489,750 On site: 235 low | high Med: 138 | |
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Learn More About This Property
| State | GA |
|---|---|
| County | Clarke |
| City | Athens |
| Zip Code | 30601 |
| Listing VS Median (in 30601) | |
Price: $7,000,000 low | high Med: $489,750 On site: 235 low | high Med: 138 | |