Mountain Trail Development Tract
|Catylist Listing ID:
Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort
|Gross Land Area:
||$8,348 Per Acre
|Land Splits Available:
||Cash to Seller
Overview / Comments
An 83+ acres tract of wooded and open development land. This property is adjacent the commercial strip along Cosby Highway near I-40 Exit 435, and is directly behind Lowes and close to Walmart and other retail and hospitality venues around I-40 Exit 435.
The property has a slightly elevated and rolling topography in the front (approximately 24.5 acres adjacent to the Lowes lot) that seems well-suited for commercial uses like retail, office, hospitality, warehouse and (mini) storage. The 2.46-acre tract behind Lowes is within Newport city limits.
The steeper hillsides in the back (approximately 59.6 acres) seem well-suited for single and multi-family residential and cabin development.
In the middle of the hillside acreage, the City of Newport owns an approximately 0.7-acre lot with a water tower. From Mountain Trail Way to the water tower is a right-of-way easement, Mountain Trail Way.
Attachments & Media
|Finance Data Year
|Real Estate Taxes - Annual($)
||064 005.01 000 & 005.18 000
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