1140 Dr Martin Luther King Jr Parkway , Athens, GA 30602
Athens, GA 30602
Description
Georgia Premier Real Estate Advisors is pleased to offer for sale this +/- 5 acre redevelopment tract ideally located near downtown Athens and the loop for easy access. This tract is zoned RS-8 which allows for a maximum density of 3.8 residential dwellings per acre. There is a pond on site that, according to Athens-Clarke County is NOT a state waters and therefore would not require buffers. The pond could also be drained and filled for increased developable land with proper permitting. The seller has a letter in hand from Athens - Clarke County stating the above. There are two rental homes on the property that are fully leased for a total of $3,400 per month. Use this cash flow to carry the property until ready to redevelop. Leases are in place until November, 2024.
Details
| MLS# | 10266320 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1965 |
| Days On Site | 188 |
| Listing Provided By | Georgia Premier RE Advisors | Matthew L. Smith |
Features
| SQ Feet | 2,500 |
|---|---|
| Zoning | RS-8 |
| Acreage | 4.62 |
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Learn More About This Property
| State | GA |
|---|---|
| County | Clarke |
| City | Athens |
| Zip Code | 30602 |
| Listing VS Median (in 30602) | |
Price: $1,000,000 low | high Med: $500,775 SqFt: 2,500 low | high Med: 1,677 $ / SqFt: $400 low | high Med: $201 On Site: 188 low | high Med: 100.000000 | |