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Pat Sheppard

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$ 1,000,000

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1140 Dr Martin Luther King Jr Athens, GA 30602

2,500 SqFt

UPDATED:

11/15/2024 06:06 AM

Key Details

Property Type Commercial Sale

Sub Type Commercial

Listing Status Active

Purchase Type Commercial Sale

Square Footage 2,500 sqft

Price per Sqft $400

MLS Listing ID 10266320

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1965

Annual Tax Amount $6,622

Tax Year 2023

Lot Size 4.620 Acres

Acres 4.62

Lot Dimensions 4.62

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

Fireplace No

Exterior

Parking Features Other

Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Garage No

Private Pool No

Building

Lot Description City Lot

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Others

Tax ID 163B1 B001

Special Listing Condition Resale

Pat Sheppard

Broker Associate | PHPA313775

+1(678) 793-8612

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Atlanta, GA

Pat Sheppard

1140 Dr Martin Luther King Jr Athens, GA 30602

Key Details

Location

Interior

Exterior

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Others

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1140 Dr Martin Luther King Jr