Commercial Land

Vacant Land for Sale
Catylist Listing ID: 30825068
Property Subtypes: Retail
Gross Land Area: 1.74 Acres
Sale Price: $349,900
Unit Price: $201,091 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2022

Overview / Comments

This is a site in the center of Athens on the north side of Decatur Pike. It has multiple structures, but the block building is the only structure of any utility to the property. Given the subject's potential to be developed as prime commercial site the block building is most likely of interim utility.

This site has frontage on three roads with excellent shape and depth, providing a wide range of development potential. The site characteristics make it likely that a national or regional retailer will utilize the whole site, or the site can be divided for multiple uses. The site sits on the east side of an active retail district and just west of downtown central business district. Part of the downtown includes the Tennessee Wesleyan University, which is only minutes from the subject site. Most of the city of Athens is within a ten-minute drive from this site.

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Additional Details

Nearest MSA: Athens
County: McMinn
Taxing Authority: McMinn County and City of Athens
Tax ID/APN: 054056K B 00700
Zoning: B-3 INTENSIVE BUSINESS DISTRICT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,099 16,512 24,806
Median Age: 38.81 39.42 40.62
Households: 1,328 6,819 10,024

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