About 1140 Dr Martin Luther King Jr Parkway
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.
Features of 1140 Dr Martin Luther King Jr Parkway
| MLS® # | 10266320 |
|---|---|
| Price | $1,000,000 |
| Bathrooms | 0.00 |
| Acres | 4.62 |
| Year Built | 1965 |
| Type | Commercial Sale |
| Status | Under Contract |
Community Information
| Address | 1140 Dr Martin Luther King Jr Parkway |
|---|---|
| Subdivision | None |
| City | Athens |
| County | Clarke |
| State | GA |
| Zip Code | 30602 |
Amenities
| Utilities | Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking | Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
Exterior
| Lot Description | City Lot |
|---|---|
| Construction | Brick |
Additional Information
| Days on Market | 32 |
|---|---|
| Zoning | RS-8 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Georgia Premier Re Advisors |
|---|