8 Acres Residential Land Near Downtown Athens

Vacant Land for Sale
Catylist Listing ID: 30839732
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 8 Acres
Sale Price: $500,000
Unit Price: $62,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Eight residentially zoned acres (R-E: Residential Estate District) in the city limits of Athens. The property is an ideal spot for a small residential development. Great location a minute away from McMinn County High School, I-75, Tennessee Wesleyan and downtown Athens. The property is mostly wooded and rolling. A house built in the 50s that needs renovation and four barns are currently on the property. Multi-family may be possible with rezoning as the property across the street is R-3 (High Density Residential District)

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054065 06200
Zoning: R-E: RESIDENTIAL ESTATE DISTRICT
Property Visibility: Good
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,550 16,219 26,452
Median Age: 44.33 39.44 40.72
Households: 1,502 6,735 10,687
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