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1010 Oglethorpe Ave

1.85 Acres of Residential Land Offered at $1,825,000 in Athens, GA 30606

Investment Highlights

  • Planned Development Approved by Athens Clarke County
  • 56 total beds in the proposed development allow for an attractive density for development
  • Opportunity to build 9 Cottages, 2 Duplexes, 2 Quadplexes, 2 Carriage Houses, 1 Bungalow for a total of 22 Units in addition to the existing home
  • The 1.85 acre site has utilities adjacent to the site, allowing for simple infrastructure installation

Executive Summary

This is an opportunity to build 9 Cottages, 2 Duplexes, 2 Quadplexes, 2 Carriage Houses, 1 Bungalow for a total of 22 Units in addition to the 1917 existing home. 56 total beds in the proposed development allow for an attractive density for development. The 1.85 acre site has utilities adjacent to the site, allowing for simple infrastructure installation.
The site boasts an amazing location inside “The Loop” and is walking/biking distance to immediate daily needs and only a half-mile from UGA’s Health Science Campus/Medical School in Normaltown, and all that neighborhood has to offer, with Downtown and UGA’s Main Campus just beyond that.
The project contains fee-simple cottages and townhome units arranged around two common courtyards, offering the best of in-town living in close proximity to amenities, job centers, and schools, without the burden of yard maintenance, and with smaller units at a more attainable price point than other new construction products inside the loop

Property Facts

Price $1,825,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.85 AC
Construction Status Proposed

1 Lot Available

Lot

Price $1,825,000
Price Per AC $986,486.49
Lot Size 1.85 AC

Existing house with 22 proposed units

Description

Designed to be a “pocket neighborhood", this proposed community features various living spaces all centered around a stately turn of the century foursquare home. This is an opportunity to build 9 Cottages, 2 Duplexes, 2 Quadplexes, 2 Carriage Houses, 1 Bungalow for a total of 22 Units in addition to the 1917 existing home. 56 total beds in the proposed development allow for an attractive density for development. The 1.85 acre site has utilities adjacent to the site, allowing for simple infrastructure installation. The site boasts an amazing location inside “The Loop” and is walking/biking distance to immediate daily needs and only a half-mile from UGA’s Health Science Campus/Medical School in Normaltown, and all that neighborhood has to offer, with Downtown and UGA’s Main Campus just beyond that. The project contains fee-simple cottages and townhome units arranged around two common courtyards, offering the best of in-town living in close proximity to amenities, job centers, and schools, without the burden of yard maintenance, and with smaller units at a more attainable price point than other new construction products inside the loop

zoning

Zoning Code R (Planned Development)
R (Planned Development)
  • Listing ID: 32999945

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 1010 Oglethorpe Ave, Athens, GA 30606

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