Loudon Tennessee Farmland/Hwy 11 Frontage

Vacant Land for Sale
Catylist Listing ID: 30264925
Property Subtypes: Agricultural, Industrial, Residential (Single Family), Other
Gross Land Area: 172.50 Acres
Sale Price: $1,275,000
Unit Price: $7,391 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2020

Overview / Comments

This property consists of 172.5+- acres of prime property in Loudon, TN. A portion of this property sits in an Loudon County Opportunity Zone. Approximately 155 acres are level, quality tillable farmland. The remaining 60+- acres are in hardwood forest. The property has over 2,400' of frontage on Highway 11, and has over 4,200' of frontage on rail. There is city power, water and gas along Highway 11, and sewer is approximately 700' to the northeast on Highway 11. This is an income producing agricultural tract with potential for various types of development. Please contact our office for more information.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 056 003.00
Zoning: AGRICULTURE
Property Located Between: Loudon TN and Philadelphia, TN
Property Visibility: Good
Largest Nearby Street: Highway 11
Highway Access: From downtown Loudon drive approximately 4 miles south on Lee Highway. Property will be on your right. Property can also be accessed from exit 72 off I-75. Take Highway 72 east to Highway 11. Turn right onto Highway 11. Property will be 1.7 miles down on your right.
Rail Access: Yes
Site Description: This property consists of 172.5+- acres of prime property in Loudon, TN. Approximately 155 acres are level, quality tillable farmland. The remaining 60+- acres are in hardwood forest. The property has over 4,200' of frontage on rail. There is city power, water and gas along Highway 11, and sewer is approximately 700' to the northeast on Highway 11. This is currently an income producing agricultural tract.
Lot Frontage: 150’+-
Zoning Description: Ag
Topography: Level
Easements: Electric Lines
Easements Description: Property has deeded county road frontage and a second deeded ROW into the property. Property adjoins a Norfolk Southern rail line that extends 100’ beyond the centerline of the tracks. An access easement has been granted by Norfolk Southern across their ROW for personal use.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,134 13,926
Median Age: 41.4 40.13
Households: 2,762 5,260

Contact

Photograph of Listing Agent

Thomas Krajewski

National Land Realty KAAR CIE Member
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