Property Description

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.

Features
: Central, Electric
: Central Air, Electric
: Colonial
: Laundry Room, Upper Level, In Hall, In Kitchen, In Bathroom
Appliances
: Electric Water Heater
Address Map
US
GA
Clarke
Athens
30601
Hill
524
Street
W84° 21' 58''
N32° 50' 39.8''
From Prince Avenue, take a right on N. Milledge. Hill Street is on the right, property is at the corner
MLS Addon
CollegeTown Properties LLC
Courtney Lawrence
Yes
Yes
$0
Additional Information
: None
2026-02-09
2
https://www.propertypanorama.com/instaview/sav/CL348664
https://www.propertypanorama.com/instaview/sav/CL348664
: Public
Listing Information
Heather Fincher
CM288002757
CM316
CollegeTown Properties LLC
CM288001778
CM316
Cash,Conventional,Other
Active
2026-02-10T17:24:36Z
HiveMLS
: Standard
2026-02-09T12:50:52Z

524 Hill

524 Hill Street, Athens, Georgia 30601

8 Bedrooms
3 Bathrooms
4,874 Sqft
0.56 Acre
$1,575,000
Listing ID #CL348664
Basic Details
Property Type : Residential
Listing Type : For Sale
MLS ID : 3e06dcdf6c4c5affc7d437323668bae0
Listing ID : CL348664
Price : $1,575,000
Bedrooms : 8
Bathrooms : 3
Half Bathrooms : 3
Lot Area : 0.56 Acre
Square Footage : 4,874 Sqft
Year Built : 1868
Status : Active
Property Sub Type : Single Family Residence
Agent info
Contact Agent