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.
|
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 |
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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