Snyder Road - Bartlett Drive Property

Vacant Land for Sale
Catylist Listing ID: 30463523
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Gross Land Area: 204.25 Acres
Sale Price: $7,400,000
Unit Price: $36,230 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

This beautiful land property consists of 204.25 acres, located 1.5 miles north of I-40 Exit 407 and east of Snyder Road, spanning 8 adjacent tracts in Sevier County and Jefferson County. The property, more or less unimproved, has Snyder Road frontage on three stretches, totaling over 1,900 feet.

The property includes a pond and a creek in the center, and has a rolling topography.

All individual lots, both in Sevier County and Jefferson County, are currently zoned A-1, Agriculture and Forestry. In Sevier County this allows for residential development, including cabin resort development. Multi-family and commercial development will require rezoning and possibly extension of sewer to the property.

The lots in Sevier County are located in one of the two county's Opportunity Zones, which offers attractive tax opportunities for qualified investors.

The location has shown a considerable increase in investment activities, including multifamily housing developments and major land acquisitions.

Utility water is available on Snyder Road. The closest utility sewer pump station is about 0.8 mile south of the property and could possibly be brought to the property.

The property is entirely outside the FEMA flood zone.

. Attractive Scenic Landscape
. Small Pond; Creek
. Proximity and Accessibility to I-40
. Commercial and Residential Growth Area
. Partially in Opportunity Zone

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 005 026.00
Zoning: A-1 (AGRICULTURE AND FORESTRY)
Property Located Between: Snyder Road, Bartlett Drive, and Jones Drive
Property Visibility: Good
Legal Description: Map 005, Parcels 021.00, 025.00, 026.00, 027.02, and 074.45. Map 072, Parcels 005.00, 007.00, and 009.00
Largest Nearby Street: I-40
Feet of Frontage: 1,900
Highway Access: Snyder Road, Bartlett Drive, Jones Drive
Site Description: Rolling, wooded acreage tracts with pond and creek.
Area Description: Located on Snyder Road, 1.5 miles north of I-40 Exit 407 near the Smokies Stadium, Bass Pro Shop, numerous retail shops, restaurants, and multifamily housing developments.
Lot Frontage: 1900
Zoning Description: A-1 Agriculture and Forestry
Topography: Rolling
Available Utilities: Water
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,756 9,004 19,857
Median Age: 37.17 38.47 39.79
Households: 650 3,416 7,508

Contact

Photograph of Listing Agent

August Timisela

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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