DEVELOPMENT LAND IN MADISONVILLE - 53+/- AC

Vacant Land for Sale
Also listed as Multi-Family, Farm/Ranch
Catylist Listing ID: 30036032
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort
Gross Land Area: 53 Acres
Sale Price: $489,000
Unit Price: $9,226 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

53+/- Acres less than 1 mile from the Madisonville – 411 Intersection. Old home built in 1900 in need of restoration with a large barn and a couple of wood outbuildings. Bat Creek runs across some of the property—part of the property has been cleared while the rest is wooded. Zoned Agriculture – could be used for several Commercial or Residential uses with about 3/5-mile frontage on Highway 68. An additional 140 acres across the street is also available separately or included with this tract. Small TVA power line easement to the right side of the property.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $350 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 067 032
Zoning: AGRICULTURE
Area Description: I-75 South to Exit 60 and turn left onto Hwy 68. Follow to Madisonville. Signs on left and right of Hwy 68 – right before Hwy 411.
Topography: Rolling
Easements: Electric Lines
Available Utilities: Electric, Cable, Broadband

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,581 15,243
Median Age: 40.12 40.42
Households: 3,393 5,978
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