Huntsville Land for Development, Hwy 63 Frontage

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30720049
Property Subtypes: Retail
Gross Land Area: 1.40 Acres
Sale Price: $375,000
Unit Price: $267,857 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Three adjoining parcels comprising 1.4 acres and 311 feet of frontage on Baker Hwy/Hwy-63 in Huntsville are available for purchase and development. Currently, there are 2 mobile homes and 1 single family residence serving as rental properties that will ultimately be removed. Each property generates $500/month. One of the residents has 2 years+ in prepaid rent. The sale of property is subject to satisfactory agreement with tenant. The highest and best use will be for development and is supported by C-2 Highway Commercial Zoning. All public utilities are available. The parcels are also served by W. Monticello Pike on northern portion, back side. The property needs a developer with good use in mind. What would serve Huntsville well at this location?

Acreage per public record, must be verified.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,404 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Scott
Tax ID/APN: 076085L A 00600, 085L A 0050, 085L A 00700
Zoning: C-2
Feet of Frontage: 311
Area Description: Approximately 2.5 miles west of downtown Huntsville on north side of Hwy 63/Baker Hwy and .4 miles (2,100 ft) east of Scott Hwy.
Lot Frontage: 311
Lot Depth: 192
Topography: Level

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,093 6,813
Median Age: 39.86 38.23
Households: 1,186 2,601
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.