Vacant Land, 4 AC for Self-Storage, Retail or Automotive
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30830892 |
| Property Subtypes: |
Retail, Self Storage, Other
|
| Gross Land Area: |
3.98 Acres
|
| Sale Price: |
$375,000 |
| Unit Price: |
$94,221 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/26/2023 |
Overview / Comments
Approximately 3.98 acres zoned IB-Intermediate Business District with all utilities. Located about 1 mile from Cherokee Lake, this site would be ideal for Self-Storage and Boat/RV Storage development. Additionally, the zoning allows office, retail, restaurant, auto repair and other commercial uses. There are two parcels in this offering and each parcel can be described as flat/level. However, the back parcel is at a lower, second tier. The seller cleared all the trees from the back parcel and recent surveys are available. With 526 feet of frontage, the property has excellent visibility and positioning.
The billboard featured in the photos has annual lease income of $1,750 for land owner/seller. The billboard structure is owned/operated by a third party. Acreage per public record and recent survey.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$1,912 (Annual) |
Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Tax ID/APN: |
025 017.00, 025 017.03 |
| Zoning: |
IB |
| Feet of Frontage: |
526 |
| Site Description: |
Level |
| Area Description: |
I-81 Exit 8 for Morristown, take US-25 E (Davy Crockett Pkwy) north for 9.8 miles. Turn left onto Cherokee Park Rd for .2 mile. Turn left onto Buffalo Tr and travel .5 mile. Property on right, vacant land. |
| Lot Frontage: |
526 |
| Lot Depth: |
440 |
| Zoning Description: |
Intermediate Business District |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,883 |
28,017 |
44,815 |
| Median Age: |
34.54 |
38.18 |
38.66 |
| Households: |
1,912 |
11,030 |
17,642 |
|
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