Listing provided courtesy of CollegeTown Properties LLCMLS# CL348664MLS Provider
  • 140 days on site
  • 10 views

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.

Source: Hive MLS, MLS#: CL348664

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  • Property Type
    Residential
  • Lot
    0.56 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 524 Hill Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
2/9/2026Source: Hive MLS Added to Database
February 09, 2026