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1140 Dr Martin Luther King Jr Parkway
Athens GA 30602 US

$1,000,000

Active Under Contract Listing ID 10266477
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Lot: 4.62 Acres
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Other

$1,000,000

Active Under Contract Listing ID 10266477
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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.

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Property Features

  • Facts
  • Lot Size: 4.62 Acres
  • Property Type: Land
  • Property Sub-type: Other

School Information

  • School
  • Other(Elementary)
  • Other(MiddleSchool)
  • Other(HighSchool)

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 1000000
  • unparsedaddress: 1140 Dr Martin Luther King Jr Parkway
  • postalcity: Athens
  • stateorprovince: GA
  • country: US
  • postalcode: 30602
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 4.62
  • lotsizeunits: Acres
  • lotsizearea: 4.62
  • livingareaunits: Square Feet
  • latitude: 33.976335
  • longitude: -83.378179
  • listagentfullname: Matthew L. Smith
  • listagentemail: matthew.smith@georgiapremierrealestate.com
  • listagentkey: 3yd-GAMLS-SMITHML
  • listagentmlsid: SMITHML
  • listagentpreferredphone: 7063630099
  • listagentofficephone: 7063630099
  • listofficekey: 3yd-GAMLS-GPAD01
  • listofficemlsid: GPAD01
  • disclaimer: Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GAMLS
  • listingcontractdate: 2024-03-14
  • listagenturl: https://georgiapremierrealestate.com/
  • countyorparish: Clarke
  • parcelnumber: 163B1 B001
  • elementaryschool: Other
  • highschool: Other
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.378179, 33.976335
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Listing Changed: 4/20/2024 12:59:13 AM GMT
Source Updated Date: 5/12/2024 6:46:30 AM GMT

Courtesy of: Matthew L. Smith, Georgia Premier RE Advisors, matthew.smith@georgiapremierrealestate.com

Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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