Catylist ID: #2126341
11.5 Acre Development Opportunity
Vacant Land for Sale
|Catylist Listing ID:||2126341|
|Property Subtypes:||Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other|
|Gross Land Area:||11.50 Acres|
|Unit Price:||$126,086 Per Acre|
|Sale Terms:||Cash to Seller|
Overview / Comments
Lease income from the car wash, laundromat, and MHP will help pay for a large portion of debt service!
This is the LARGEST tract of land on East Broadway! Excellent opportunity to develop into 2 commercial 2.5 acre tracts and a 6 acre residential development. Intersection of Eagleton Rd and E. Broadway has improved with the existing traffic light.
Property has multiple entrances including in the rear off of residential streets. Sewer is available on site. Existing commercial use is car wash, laundromat, and MHP. Future use could be strip centers, affordable housing, church, self storage, pharmacy, restaurants, etc. etc. etc. Property is located directly across from Eagleton ball fields. Approximately 1 mile from Pellissippi Place R&D center.
Build on the 2.5 acres fronting East Broadway, let the current business pay for some of the mortgage, and hold the back 6.5 residentiall acres for development or selling later!
Also, see garage listing adjacent to this property. Owner willing to give a "seriously good deal" so you'll have road frontage directly on Broadway!
|Tax ID/APN:||037G C 040.00|
|Property Located Between:||Richy Kreme Donuts and Advanced Auto Parts|
|Proximity:||1 mile||3 miles||5 miles|
Daniel MonatLeConte Realty, LLC KAAR CIE Member
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