Courtesy of: Matthew L. Smith, Georgia Premier RE Advisors, matthew.smith@georgiapremierrealestate.com
Courtesy of: Matthew L. Smith, Georgia Premier RE Advisors, matthew.smith@georgiapremierrealestate.com
$1,000,000
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Lot: 4.62 Acres
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Other
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$1,000,000
1140 Dr Martin Luther King Jr 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.
Courtesy of: Matthew L. Smith, Georgia Premier RE Advisors, matthew.smith@georgiapremierrealestate.com
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