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

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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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