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243 Bray St - 243 Bray Steet RM-2 Zoning

1.11 Acres of Residential Land Offered at £454,256 in Athens, GA 30601

Investment Highlights

  • Multi-Family Development Opportunity in Athens Georgia.
  • RM-2 Zoning allows up to 24 units to be built.

Executive Summary

243 Bray St, Athens, GA is where opportunity meets location! This prime piece of real estate was recently rezoned to RM 2 Zoning, offering many possibilities for savvy investors and developers. Situated in the heart of Athens, just a stone's throw away from downtown, this property presents an exceptional opportunity to capitalize on the growth of the Athens area. With RM 2 Zoning in place, this property allows for the development of up to twenty-four(24) units per acre. Whether you envision crafting a residential community or exploring other development ventures, the zoning flexibility opens doors to endless potential with proximity to downtown amenities, including dining, shopping, area hotspots, and of course the University of Georgia. With demand for housing and commercial space on the rise in Athens, this site presents buyers with an investment opportunity. The current owner is planning to lease the property for 10 months starting in August at $2,700 to allow a new buyer cash flow while planning improvements to the site

Property Facts

Price £454,256
Sale Type Investment or Owner User
Sale Conditions
Design & Build
  • Portfolio Sale
  • Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.11 AC

1 Lot Available

Lot

Price £454,256
Price Per AC £409,239
Lot Size 1.11 AC

1.11 acres close to Downtown Athens, GA. Zoned for up to 24 beds per gross acre. Existing four bedroom and four bath home on the site.

Description

Vacant residential land on Bray Street in Athens, Georgia.

zoning

Zoning Code RM-2 (residential)
RM-2 (residential)
  • Listing ID: 31726664

  • Date on Market: 07/05/2024

  • Last Updated:

  • Address: 243 Bray St, Athens, GA 30601

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