$1,000,000
1140 Dr Martin Luther King Jr Pkwy Athens, GA 30602
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Listed by Matthew L. Smith • Georgia Premier RE Advisors
$1,000,000
Est. payment /mo
4.62 Acres Lot
Active
1140 Dr Martin Luther King Jr Pkwy Athens, GA 30602
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10266320
Construction Status Resale
Year Built 1965
Annual Tax Amount $6,622
Tax Year 2023
Lot Size 4.620 Acres
Property 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.
Location
State GA
County Clarke
Zoning RS-8
Interior
Heating Other
Cooling Other
Exterior
Garage Other
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Building
Sewer Public Sewer
Construction Status Resale
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