$1,000,000
Accepting Backup Offers

1140 Dr Martin Luther King Jr Parkway

Athens, GA 30602
4.62 acres | #10266477
Browse 13 photos
Type:Purchase
Structure:Land
Zone:Residential

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
      • CountyClarke
      • Elementary SchoolOther
      • Middle SchoolOther
      • High SchoolOther
  • Financial Details
      • Taxes Annual$6,622
  • Other
      • MLS #10266477

Location

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.


Last Updated: . Source: GAMLS

Listing Courtesy
Listing Agent: Matthew L. Smith (#SMITHML)
Listing Office: SVN Smith Group Commercial RE (#GPAD01)

Lisette CintronReal Estate Group
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Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

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