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Investment Highlights

  • Within 5 miles of the UGA campus
  • RM2 Zoning - 24 beds/gross acre
  • Within 3 miles of Athens major employers (along Athena & Olympic Dr)
  • Utilities available
  • Within a mile of ATC, Athens Christian School, Piedmont Urgent Care, Kroger & multiple QSRs
  • Extensive development work delivered by Seller - Inquire for detail

Executive Summary

- PIDs: 154 036E, 154 036, 154 036C, 154 035 (partial), 213 001N (partial), 154 036D (partial),
and 154 038Q (partial)
- ±34.73 acres
- Zoned RM-2: permitting multifamily apartment bedrooms at a density of 24 beds per gross acre, ±34.73 acres x 24 beds/acre = 833 beds (maximum)
Seller Deliverables:
- A Land Disturbance Permit for the proposed road connecting at the intersection of
McClung Road & Nease Drive to the rear of property
- Approval of the proposed creek crossing by the Army Corps of Engineers, EPD, and
other jurisdictions having issuing authority over this roadway.
- Payment of all wetland mitigation fees and payment of all stream buffer mitigation fees
related to the proposed creek crossing.
- Construction of the proposed road connecting at McClung Road & Nease Drive and
stubbing the road ±50’ past the proposed Dollar Tree property
- Construction of the required detention pond improvements for the shared detention
pond located on the left side of the Dollar Tree development
Items Completed by Seller:
- ALTA Surveys of the various assembled properties prepared by Williams and
Associates Engineering
- Subdivision Plats of the various assembled properties and the property subject to the
“land swaps” prepared by Williams and Associates Engineering
- Conceptual Architectural Elevations prepared by E+E Architects
- Geotechnical Engineering studies and reports by Grounded Engineering
- Wetland and State Waters Delineation by Grounded Engineering and Environs Planning and Consulting
- The surplus dirt is located on the backside of the property, which should prevent the
need to import dirt from an off-site location. Once the mass grading takes place, this
should provide a surplus volume of dirt to fill in the front half of the Property. The
Grounded Engineering geotechnical report describes the quality of the dirt and the
depth to rock/refusal in that portion of the Property.
- Additional Due Diligence Docs Available for Review Upon Request

Property Facts Under Contract

Price $7,450,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 34.73 AC
Zoning RM2

1 Lot Available

Lot

Price $7,450,000
Price Per AC $214,511.95
Lot Size 34.73 AC

Athens Multifamily Development Land - Ready to Build!

Somewhat walkable
30/100
Exceptionally drivable
100/100
  • Listing ID: 35080861

  • Date on Market: 3/10/2025

  • Last Updated:

  • Address: 150 McClung Rd, Athens, GA 30601

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