DEVELOPMENT LAND IN MADISONVILLE - 53+/- AC

Vacant Land for Sale
Also listed as Multi-Family, Farm/Ranch
Catylist Listing ID: 30036032
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort
Gross Land Area: 53 Acres
Sale Price: $449,000
Unit Price: $8,471 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/27/2018

Overview / Comments

53+/- Acres less than a mile away from the Madisonville-Highway 411 Interchange. Old Stagecoach home built around 1900, in need of total rehab or demo, large barn, several outbuildings. 2 ponds with about 1/3 of the acreage cleared. Zoned Agriculture, could also be for several commercial uses, as well as, residential or farm/agriculture. Bat creek runs across part of the back of the property, small TVA easement on Madisonville side through part of the back as well. This 53+/- acres can be added to the tract across the street for a total of 193+/- acres. Water & electric at road. Over 3/5 of a mile of New Highway 68 frontage. No survey, priced below a 2-3 year old appraisal.

All measurements for illustration purposes only, all to be verified by buyer.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $350 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 067 032
Zoning: AGRICULTURE
Area Description: I-75 South to Exit 60 and turn left onto New Hwy 68. Follow to Madisonville. Signs on left and right of New Hwy 68 – right before Hwy 411.
Topography: Rolling
Easements: Electric Lines
Available Utilities: Electric, Cable, Broadband

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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