Catylist ID: #2126341
11.5 Acre Development Opportunity
Vacant Land for Sale
|Catylist Listing ID:||2126341|
|Property Subtypes:||Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other|
|Gross Land Area:||11.50 Acres|
|Unit Price:||$126,086 Per Acre|
|Sale Terms:||Cash to Seller|
Overview / Comments
Recent price change is to include garage fronting E. Broadway Ave. Actual price reduction overall! Lease income from the car wash, laundromat, and MHP will help pay for a large portion of debt service!
This is the LARGEST tract of land on East Broadway! Excellent opportunity to develop into 2 commercial 2.5 acre tracts and a 6 acre residential development. County has budgeted to improve intersection within a year.
Ability to create access roads at signaled light on East Broadway (front) and along residential tract in rear. Existing commercial use is car wash, laundromat, and MHP. Future use could be strip centers, affordable housing, church, self storage, pharmacy, restaurants, etc. etc. etc. Property is located directly across from Eagleton ball fields. Approximately 1 mile from Pellissippi Place R&D center and Sierra Nevada survey site.
Build on the 2.5 acres fronting East Broadway, let the current business pay for some of the mortgage, and hold the back 6.5 residentiall acres for development or selling later!
Also, see garage listing adjacent to this property. Owner willing to give a "seriously good deal" so you'll have road frontage directly on Broadway!
|Tax ID/APN:||037G C 040.00|
|Zoning:||COMMERCIAL & RESIDENTIAL|
|Property Located Between:||Richy Kreme Donuts and Advanced Auto Parts|
|Proximity:||1 mile||3 miles||5 miles|
Daniel MonatLeConte Realty, LLC KAAR CIE Member
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