Hwy 68 and Mecca Pike Tracts with Excellent Visibility (Lot 1)

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30779969
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Status: Pending
Gross Land Area: 1.25 Acres
Sale Price: $299,900
Unit Price: $239,920 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2022

Overview / Comments

Location, Location, Location! This property sits at the intersection of New Highway 68 and Mecca Pike in Tellico Plains, TN. Currently used as farm land, but could easily be converted to commercial use. As one of the first things you pass entering into town, this space would be GREAT for retail, outfitters, convenience store, etc. Seller will divide into three separate lots or sell as a whole. (see proposed property division in documents) All acreage and price per tract is negotiable depending on amount purchased. No value was given to the old home on Lot 1 due to the extensive repairs it needs. A septic tank is located on Lot 1. Personal property does not convey.

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Additional Details

Nearest MSA: Athens
County: Monroe
Submarket Type: Central Business District
Tax ID/APN: 136 041.00 000
Property Located Between: Highway 68 and Mecca Pike
Property Visibility: Excellent
Largest Nearby Street: Highway 68
Zoning Description: Agricultural
Topography: Rolling
Easements: Other
Available Utilities: Electric, Water, Sewer, Cable

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,252 3,926
Median Age: 40.98 40.71
Households: 915 1,555
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