1140 Dr Martin Luther King Jr Parkway
Athens, GA 30602
4.62 acres | #10266477
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.
Property Details
- Lot DescriptionCity Lot
Measurements
- Acres4.62
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesCable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available
- Utility SourcePublic
- Sewer InformationOther
Community and Neighborhood Details
- Subdivisionnone
Location
- Elementary SchoolOut of Area
- High SchoolOut of Area
- CountyClarke
- Middle SchoolOther
Financial Details
- Taxes Annual$6,622
Other
- MLS #10266477
Location
Legal
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Last Updated: . Source: GAMLS
Listing Courtesy
Listing Agent: Matthew L. Smith (#SMITHML)
Listing Office: SVN Smith Group Commercial RE (#GPAD01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
