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4-Lot RM-1 Land Portfolio on Cumberland Court, flanked by Rolling Ridge Apartments (160 units) and Kathwood Townhomes (80 units)

Location map showing proximity to GA Loop 10 (1.5 mi) and downtown Athens (under 3 mi)

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Description

Property Description: This offering includes the last four remaining vacant lots on Cumberland Court in Athens-Clarke County. The portfolio consists of 4 individual parcels, each 0.41 acres, listed together at $500,000. 110 and 115 Cumberland Court occupy the two front corners at the streets entrance, while 150 and 155 Cumberland Court sit on the cul-de-sac at the far end. The lots are zoned RM-1, which permits up to 16 beds per acre, and sit between two established multifamily communities: Rolling Ridge Apartments, a 160-unit community on Rolling Ridge Drive, and Kathwood Townhomes, an 80-unit community on Kathwood Drive. All four lots are vacant with no existing structures and have water and sewer service available. The lots are also available as two pairs: 110 and 115 Cumberland Court for $250,000, and 150 and 155 Cumberland Court for $250,000. Location Description: Cumberland Court is located off Kathwood Drive in Athens-Clarke County, sitting between Rolling Ridge Apartments (160 units) and Kathwood Townhomes (80 units) -- two established multifamily communities that anchor the immediate area. An Athens Transit stop sits at the Kathwood Drive/Cumberland Court intersection. The site is approximately 1.5 miles from Loop 10 and less than 3 miles from downtown Athens, putting it within easy reach of both the highway system and the University of Georgia/downtown core.

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Market Activity 30607

MLS#: 10826866
Listing Provided By: NAI Elrod Group