JeffCroweCRE
Commercial

194 Milken Avenue

Richland, GA 31825

Location

194 Milken Avenue, Richland GA 31825

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List Price$34,999
TypeMixed Use
Building2,396 SF
Lot0.38 Ac
Building

Improved commercial

2,396 SF building

Mixed Use · Commercial · C3 · $15 / SF · 0.38 ac lot

Data last updated: October 5, 2026 at 8:00 PM EST
ACTIVE
FMLS #7742284
Listing Provided By Coldwell Banker Realty · 404-262-1234
Description

Property Description

Commercial Opportunity in the Heart of Richland – Historic Corner Property with Potential Located in the heart of downtown Richland, this 2,396 sq ft commercial building built in 1940 offers a unique opportunity for investors, entrepreneurs, or visionaries looking to bring new life to a historic structure. Situated on a .38-acre corner lot, the property provides excellent visibility and accessibility in a well-traveled area of Richland, GA 31825. Previously operated as a local bar/tavern, the building features a spacious interior layout that can be reimagined for a variety of commercial uses. While the property does require repair and renovation, it offers solid potential for those looking to restore its character or redevelop the space for a new business venture. The generous corner lot provides additional possibilities for parking, outdoor seating, or future expansion depending on your vision. Whether you’re looking to create a restaurant, lounge, retail shop, event space, or mixed-use concept, this property offers the chance to invest in a piece of Richland’s history while shaping its future.
Tax Advantage

Opportunity Zone Property

Tract 13259950100

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1940
Zoning
C3
Price / SF
$15
Price / acre
$92,103
Days on market
137
Road frontage
75 ft
Taxes
$106
Tax year
2024
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Cable
  • Electricity
  • Natural Gas
  • Phone
  • Sewer
  • Underground Utilities
  • Water

Commercial Analysis

Key metrics and property characteristics

List Price$34,999
Building Size2,396 SF
Price / SF$15
Lot Size0.38 Acres
Price / Acre$92,103
ZoningC3
Property SubtypeMixed Use
Year Built1940

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194 Milken Avenue

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.