1140 Dr Martin Luther King Jr Pkwy Under Contract Save Request In-Person Tour Request Virtual Tour
Athens,GA 30602
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 10266320
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