Unique Opportunity: Commercially zoned, 1930s, 2028’, 4/2 Bungalow on . 54 acre lot, with large storage barn, with a wide array of potential uses: an artful home, rental, potential Airbnb, Live/Work space, Commercial Office site in a high traffic corridor: ( Law, Accounting, Property Mgt/Real Estate, Massage Therapy, Medical…). The home is imbued with an abundance of historic character and artfulness. As one approaches the front door, there’s an antique brick front courtyard, a front porch with mural painted by a local artist, and a swing bed. Inside, the house has wood floors throughout, plaster walls, custom crown molding, 2 artfully tiled baths, a large master suite on left rear with wood walls and ceilings, excellent natural light, an antique slider door to a lovely bath, and an antique clawfoot tub open to bedroom. The long galley style kitchen opens to a sunroom and formal dining room, though it has a cute eat-in corner nook, as well as a stainless fridge and gas range, an antique farmhouse sink, pendent lighting, & ceiling fan. There are 2 other bedrooms on main floor, and the entirety of the attic is finished as a large 4th BR or flex room. The sunroom has W/ D connections, and there’s a door in the floor that lifts to reveal stairs to a cellar that serves as a mechanical room, tornado/zombie apocalypse shelter, or storage. One can exit the Sunroom to the private rear courtyard, and behind the Courtyard there’s a large barn, which has been broken up into 5 storage rooms, 3 locked. There’s a wooded buffer behind and to the sides of the barn, which create a nice green privacy buffer. It’s possible one could add 1, or possibly more, ADUs with County permission. Ultimately, this property sits on a high traffic corridor, which is likely to continue to evolve, and finding a property at this price, with this zoning will become increasingly rare to find. Seller is a licensed realtor in Georgia.
Single-familyProperty Type
1938Year Built
0.54 acresLot Size
$192Price/Sq.Ft.
Listed by Michael Littleton• Corcoran Classic Living
Unique Opportunity: Commercially zoned, 1930s, 2028', 4/2 Bungalow on .54 acre lot, with large storage barn, with a wide array of potential uses: an artful home, rental, potential Airbnb, Live/Work space, Commercial Office site in a high traffic corridor: ( Law, Accounting, Property Mgt/Real Estate, Massage Therapy, Medical...). The home is imbued with an abundance of historic character and artfulness. As one approaches the front door, there's an antique brick front courtyard, a front porch with mural painted by a local artist, and a swing bed. Inside, the house has wood floors throughout, plaster walls, custom crown molding, 2 artfully tiled baths, a large master suite on left rear with wood walls and ceilings, excellent natural light, an antique slider door to a lovely bath, and an antique clawfoot tub open to bedroom. The long galley style kitchen opens to a sunroom and formal dining room, though it has a cute eat-in corner nook, as well as a stainless fridge and gas range, an antique farmhouse sink, pendent lighting, & ceiling fan. There are 2 other bedrooms on main floor, and the entirety of the attic is finished as a large 4th BR or flex room. The sunroom has W/D connections, and there's a door in the floor that lifts to reveal stairs to a cellar that serves as a mechanical room, tornado/zombie apocalypse shelter, or storage. One can exit the Sunroom to the private rear courtyard, and behind the Courtyard there's a large barn, which has been broken up into 5 storage rooms, 3 locked. There's a wooded buffer behind and to the sides of the barn, which create a nice green privacy buffer. It's possible one could add 1, or possibly more, ADUs with County permission. Ultimately, this property sits on a high traffic corridor, which is likely to continue to evolve, and finding a property at this price, with this zoning will become increasingly rare to find. Seller is a licensed realtor in Georgia.
Hive MLS #CL364378
Sep 11, 2026
Listed
$389,000
$192/sq ft
Hive MLS #CM961716
Jun 12, 2018
Listing Removed
—
Apr 6, 2018
Listed
$265,000
$131/sq ft
Hive MLS #CM941292
Sep 14, 2015
Listing Removed
—
Nov 10, 2014
Listed
$225,000
$111/sq ft
Hive MLS #CM925778
Apr 25, 2012
Listing Removed
—
Jan 25, 2012
Listed
$225,000
$111/sq ft
Hive MLS #CM903255
Jun 3, 2008
Listing Removed
—
May 1, 2008
Listed
$289,000
$143/sq ft
Hive MLS #CM899994
Jan 31, 2008
Listing Removed
—
Dec 15, 2007
Listed
$309,900
$153/sq ft
Public Records
Nov 15, 2002
Sold
$100,000
$49/sq ft
Public Records
Feb 11, 1994
Sold
$54,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,620 (+17.1%)
$38,110 + $46,267
$84,377
2024
$2,237 (+2.5%)
$38,110 + $33,471
$71,581
2023
$2,182 (+1.9%)
$38,110 + $33,471
$71,581
2022
$2,142 (+10.7%)
$38,110 + $31,717
$69,827
2021
$1,935
$38,110 + $29,046
$67,156
2020
$1,935 (−0.7%)
$38,110 + $19,319
$57,429
2019
$1,950 (−0.9%)
$38,110 + $19,319
$57,429
2018
$1,967 (−9.4%)
$38,110 + $19,319
$57,429
2017
$2,171 (−3.4%)
$39,140 + $24,800
$63,940
2014
$2,247
$58,710 + $7,290
$66,000
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
1.5
Lot width
102 ft.
Lot depth
232 ft.
Lot size
0.54 Acres
Year renovated
1994
Finished Sq. Ft.
2,027
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,027
Year built
1938
Style
Single Family Residential
County
Clarke County
APN
233D1 B010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
C-O
Commercial Office District
This district is designed to stabilize, improve and protect the characteristics of those areas providing commercial commodities and services.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Senior
Infrastructure
Bed & breakfast
Research & development
Educational/school
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Athens, GA • 30605
Average low and high temperatures (°F)
51
31
60
39
71
46
78
53
80
60
87
68
92
72
82
67
82
63
74
52
66
46
56
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 20% for direct sun exposure in Athens. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 Gaines School Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $340,000 and $440,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $340K to $440K.