Catylist ID:
#30463523
| 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: | 8/31/2020 |
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 |
Attachments & Media
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 |
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
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