1140 Dr Martin Luther King Jr Parkway

Athens, GA 30601

$1,000,000
Price
201,247 / 4.62
Lot Size / Acres

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...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.
  1. Listed by Matthew Smith • Georgia Premier RE Advisors

Property Details for 1140 Dr Martin Luther King Jr Parkway

Subdivision
none

Location

Listing Courtesy of Georgia Premier RE Advisors, Matthew Smith
Add your commute
LISTING UPDATED: 04/19/2024 03:29 PM

Property Details for 1140 Dr Martin Luther King Jr Parkway

StatusUnder Contract
MLS #10266477
Days on Market32
Taxes$6,622 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Lot
Year Built-
Lot Size4.62 AC
CountyClarke County

Location

Listing Courtesy of Georgia Premier RE Advisors, Matthew Smith
Add your commute

Building Information for 1140 Dr Martin Luther King Jr Parkway

Lot Size4.62 AC

Payment Calculator

$6,009 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$552

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1140 Dr Martin Luther King Jr Parkway

Summary
Location and General Information
  • Elementary School: Other
  • High School: Other
  • Middle School: Other
  • Amenities: None
  • Directions: Use address in gps
  • Lot Description: City Lot
Taxes and HOA
  • Association: No
  • Parcel Number: 163B1 B001
Agent
Payment and Rate
  • Compensation Comments: If buyer's broker is not present at initial showing, buyer's broker commission will be reduced to 2%.
Property
Utilities
  • Water/Sewer: Other
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available
  • Water Source: Public
Property and Assessments
  • Tax Year: 2023

Property History for 1140 Dr Martin Luther King Jr Parkway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1140 Dr Martin Luther King Jr Parkway

Taxable ValueLand$77,616Additions$161,295Total$238,911
Tax Record2023$7,466 ($622 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,490 SqFtAbove Grade Finished SqFt1,490 SqFtLot Size201,247 SqFtStyleSingle Family ResidenceYear Built1965Year Renovated2006ZoningRS-8CountyCLARKEAPN16-3-B1 B-001

Schools near 1140 Dr Martin Luther King Jr Parkway

This home is within Clarke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Howard B. Stroud Elementary School
PublicPK to 5

Coile Middle School
Public6 to 8

Cedar Shoals High School
Public9 to 12

Classic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Georgia Premier RE Advisors, Matthew Smith

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.