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.
Under contract
$7,000,000
940 College Avenue, Athens, GA 30601
--beds
--baths
7.84Acres
Land
Built in ----
7.84 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 83 days |
- 12 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Chase Lawrence 706-200-7082,
CollegeTown Properties LLC,
Heather Fincher 706-224-5302,
CollegeTown Properties LLC
Source: Hive MLS,MLS#: CL349276
Originating MLS: Athens Area Association of REALTORS
Facts & features
Property
Lot
- Size: 7.84 Acres
Details
- Parcel number: 163C2 F001
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
HOA
- Has HOA: No
Location
- Region: Athens
Financial & listing details
- Date on market: 2/17/2026
- Cumulative days on market: 83 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Other
- Ownership type: Owner/Agent
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Contingent | $7,000,000 |
Source: | ||
| 2/17/2026 | Listed for sale | $7,000,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 30601
Nearby schools
GreatSchools rating
- 6/10Barrow Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 4/10Clarke Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Clarke Central High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Clarke County
- Athens
- 30601
- 940 College Avenue







