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1140 Dr Martin Luther King Jr Parkway

Athens, GA 30602
  • $1,000,000
  • STATUS: Pending
  • ON SITE: 340 Days
  • MLS #: 10266320
Pending
UPDATED: 23 min ago
$1,000,000
  • 0
    BEDS
  • 4.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $0
    $/SQFT
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

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.

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Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Century 21 Connect Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Century 21 Connect Realty. Data last updated: 2025-02-18T14:10:45.45.
www.century21connectrealty.com/homes/148564256
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1140 Dr Martin Luther King Jr Parkway Athens, GA 30602

  • Price: $1,000,000
  • Status: Pending
  • On Site: 340 Days
  • Updated: 23 min ago
  • MLS #: 10266320
0
Beds
0
Baths
0
½ Baths
4.62
Acres
2,500
SQFT
$0
$/SQFT
1965
Built
County:
Clarke
Area:
Athens
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Brick Garage YN No Lot Features City Lot Lot Size Area 4.62 Lot Size Source Other Lot Size Units Acres Parking Features Other

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 2500 Building Area Units Square Feet Cooling Other Cooling YN Yes Heating Other Heating YN Yes Living Area Source Appraiser Living Area Units Square Feet

Property Features

Electric On Property YN Yes New Construction YN No Property Condition Resale Property Sub Type Commercial Sewer Public Sewer Tax Annual Amount 6622.25 Tax Year 2023 Utilities Cable AvailableElectricity AvailableHigh Speed InternetNatural Gas AvailableSewer AvailableWater Available Water Source Public

GAMLS logo Listing provided courtesy of Georgia Premier RE Advisors: 706-363-0099. © 2025 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Century 21 Connect Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Century 21 Connect Realty. Data last updated: 2025-02-18T14:10:45.45.
 
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880 Holcomb Bridge Rd, Suite 150
Roswell GA, 30076