Catylist ID: #29971278
193 +/- Acres on New Highway 68 - Close to Madisonville/Highway 411
Vacant Land for SaleAlso listed as Industrial, Multi-Family
|Catylist Listing ID:||29971278|
|Property Subtypes:||Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail|
|Gross Land Area:||193 Acres|
|Unit Price:||$5,694 Per Acre|
|Sale Terms:||Cash to Seller|
Overview / Comments
Incredible location, county taxes and no zoning. 193 +/- acres located in Monroe County, less than 1 mile to the city of Madisonville and Highway 411. Acreage is split on both sides of New Highway 68, 53 acres on one side and 140 acres on the other, acreage is approximate, there is no survey. New, larger gas line installed, water, electric at property, sewer not far down Highway 68. A brick home built around 1900 that needs a ground up restoration or scrape, old barn and outbuildings. Small creek, two small farmer's ponds and a small TVA easement on the 53-acre side.
The 140-acre side has 4 large clearings with the rest being wooded. There is a small “Farm” lease active that contains a 90-day out or right to harvest clause that would, if wanted, remove the tenant. TVA has an easement on the 411 side of the property.
Uses could be endless with this large acreage tract holding some timber, proximity to I-75, Highway 11, Highway 411 and thousands of feet of road frontage on both sides of the road.
Property can be purchased separately:
53-acre side - $424,000.00. This could possibly be split into two tracts, $8000.00 per acre.
140-acre side - $770,000.00. This side is divisible into tracts that would run from the highway straight back to the rear property line, $5,500 per acre.
All information within deemed reliable but not guaranteed, buyer will need to verify information.
Attachments & Media
|Finance Data Year||2019|
|Real Estate Taxes - Annual($)||$1,198 (Annual)|
|Tax ID/APN:||067 032.00|
|Site Description:||A few old structures are on the property.|
|Area Description:||Take US Hwy 411 S to New Hwy 68, then west one mile.|
|Proximity:||3 miles||5 miles|
Stuart C. KendrickColdwell Banker Commercial Wallace KAAR CIE Member
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