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1140 Dr Martin Luther King Jr Parkway Athens, GA $ 1,000,000
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1140 Dr Martin Luther King Jr Parkway
$ 1,000,000
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1140 Dr Martin Luther King Jr Parkway

Athens, GA, 30602
$ 1,000,000
Baths0.0 Sq 2,500

Monthly Estimate*

$ 6,646

1140 Dr Martin Luther King Jr Parkway, Athens, GA 30602 - Image 1
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1140 Dr Martin Luther King Jr Parkway, Athens, GA 30602 - Image 14
Studio

Commercial Property for sale in Athens, GA

for $1,000,000. This 2,500 square foot building was built in 1965 on a lot size of 4.62.

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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Commercial Pending

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,622

Style

Commercial

Lot Size

4.62

Year Built

1965

Town/City

Athens

County/Region

Clarke

MLS | Web ID

10266320
Features
General
Sewer Public Sewer
Heating Other
Cooling Other
Utilities Cable Available Electricity Available High Speed Internet Natural Gas Available Sewer Available Water Available
Construction Materials Brick
Year Built 1965
Property SubType Commercial
Tax Year 2023
County Clarke
New Construction N
Property Type Commercial Sale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Under Contract
Directions GPS
City Athens
Buyer Agent Compensation 5
View Y/N N
Senior Community Y/N N
Lot Size Square Feet 201247.2
Waterfront Y/N N
Carport Y/N N
Street Name Dr Martin Luther King Jr
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6622.25
Home Warranty Y/N N
Property Condition Resale
Building Area Units Square Feet
Standard Status Pending
Buyer Agent Compensation Type %
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Exterior
Parking Features Other
Lot Features City Lot
Water Source Public
Lot Size Area 4.62
Spa N
Building Area Total 2500
Lot Size Acres 4.62
Lot Size Units Acres
Lot Size Source Other
Open Parking Y/N N
Horse Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Parkway
Electric On Property Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet
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* Excluded Features
List By
Georgia Premier Re Advisors

Broker

matthew.smith@georgiapremierrealestate.com

Email

Affordability Calculator

$7,198
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,646
Monthly Property Taxes
$552
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4136269 Elementary School
4136505 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/14/2024$1,000,000 Listed Price

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1140 Dr Martin Luther King Jr Parkway, Athens, GA, 30602 is a Commercial Property for sale at $1,000,000 with 2,500 sqft and a lot size of 4.62. 1140 Dr Martin Luther King Jr Parkway is a studio with 0.0 baths and was built in 1965. The property's zip code is 30602 which is in Athens, GA

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