Downtown Crossville Development Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30833641
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Status: Pending
Gross Land Area: 2.60 Acres
Sale Price: $195,000
Unit Price: $75,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2023

Overview / Comments

Downtown Crossville development opportunity located within walking distance from Main Street and less than 2 miles from the new Buc-ee's at Exit 320 on I-40. This property is within the city limits of Crossville and suitable for a variety of uses. It is right around the corner from downtown amenities and surrounded by a mix of commercial businesses and residential housing. Sewer, water, electricity, and gas are available along Genesis Road. A great opportunity for developers or investors looking to stay ahead of Tennessee's growing real estate trends. Buyer is responsible for planning commission approvals, verification of utilities, and zoning requirements.

Additional Details

Nearest MSA: Crossville
County: Cumberland
Taxing Authority: Cumberland County and Crossville City
Tax ID/APN: 018100K B 01000
Property Located Between: North Main Street and I-40
Feet of Frontage: 350
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,521 14,572 23,790
Median Age: 37.57 40.26 44
Households: 1,456 5,997 9,968

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