43 +/- Acres available on New Highway 68 in Monroe County, TN

Vacant Land for Sale
Also listed as Farm/Ranch, Multi-Family
Catylist Listing ID: 30726300
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort
Gross Land Area: 43 Acres
Sale Price: $387,000
Unit Price: $9,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2021

Overview / Comments

Sold per acre, $9000.00 per acre.

Roughly 2500+/- highway frontage, within a mile of Madisonville and Highway 411. Property currently sits in Greenbelt status with no zoning, lends itself to plenty of uses. TVA Easement crosses from the larger tract across Highway 68 and along partial back of property, see photo. Two (2) hay fields are currently under a “Farm Lease” that will expire in late December 2021. Old farmhouse and barn with some local “Lore” along with some other old outbuildings, maybe a farmer’s pond or two. Gas and Electric believed to be at property, lays relatively flat with a small creek, “Bat Creek” running along property on the Sweetwater side and toward back of property. Ten (10) acres under contract on the Sweetwater side, property to be sold as a whole with no Warranties, Guarantees, as is, Where Is, No splits. No Survey on file. Estate owned with title work being conducted as this comes on the market, see Listing Agent for questions regarding title.

All information contained in Listing is considered reliable but not guaranteed. Buyer must confirm any and all Information.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,355 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 067 032
Zoning: NO ZONING
Site Description: Mostly flat, farmers pond, old outbuildings, some timber, several acres hay.
Area Description: I-40 West to I-75 South to Chattanooga, Exit 60, Sweetwater/Spring City. Turn left onto Hwy 68. Property on left almost to Madisonville. Sign in front of old home.
Topography: Rolling
Easements: Electric Lines
Easements Description: TVA Power Line Easement
Available Utilities: Electric

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,081 15,243
Median Age: 39.33 40.42
Households: 2,434 5,978

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