1140 Dr Martin Luther King Jr Pkwy Save Request In-Person Tour Request Virtual Tour
Athens,GA 30602
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $400
MLS Listing ID 10266320
Year Built 1965
Annual Tax Amount $6,622
Tax Year 2023
Lot Size 4.620 Acres
Property Sub-Type Commercial
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
Parking Features Other
Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Sewer Available,Water Available
View Y/N No
Building
Lot Description City Lot
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Special Listing Condition Resale