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Under Contract

940 College Avenue

Athens, GA 30601

$7,000,000

940 College Avenue - Photo 1
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7.84

Acres

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.

School Zones

Clarke County School District

Rating: 6/10

Serving Athens-Clarke County with a diverse range of programs including magnet and STEM schools.

High School Zones

This district has multiple attendance zones. The assigned school depends on the specific address.

Clarke Central High School6/10
Cedar Shoals High School5/10

Middle Schools

Clarke Middle School6/10
Hilsman Middle School5/10

Elementary Schools

Barrow Elementary6/10
Chase Street Elementary7/10
Timothy Road Elementary7/10

Schools are a top factor for homebuyers. Dean can help you find the perfect home in your preferred school zone.

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Dean Bright

Dean Bright

Athens Elite Real Estate

24+ Years Experience

Ready to see this property? Schedule a private showing or call Dean directly.

Call: 706-340-1701

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