Sevier County Development Tract

Vacant Land for Sale
Catylist Listing ID: 30499063
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 19.30 Acres
Sale Price: $1,650,000
Unit Price: $85,492 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2019

Overview / Comments

This commercially zoned unimproved land tract is located in the Seymour area of Sevier County, with accesses from both Chapman Highway and East Macon Lane. Nearby businesses include a Kroger-anchored center and numerous general offices, medical offices, restaurants, and retail establishments. The property appears well-suited for both multifamily and commercial development. While municipal water and sewer serve some nearby businesses on Chapman Highway, prospective developers will need to ascertain with local governmental planning and utility officials whether sewer can be brought to the property.

Gently rolling topography
Accesses from both Chapman Highway and East Macon Lane via permanent joint-use easements
Robust neighborhood retail market
About 10 miles SE of Knoxville and 13 miles NW of Sevierville

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,287 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 045 062.03
Zoning: C-2 GENERAL COMMERCIAL
Property Located Between: S. Cunningham Road and E. Nails Creek Rd.
Legal Description: Map 045, Parcel 062.03
Largest Nearby Street: Chapman Hwy (US 441)
Highway Access: Chapman Highway and East Macon Lane
Site Description: Gently sloping tract with access via permanent joint use easements from both Chapman Highway (US 441) and East Macon Lane. (50 feet on East Macon Lane and 80 feet on Chapman Highway)
Area Description: Located in the Seymour area of Sevier County, TN, near the intersection of Chapman Highway (US 441) and East Macon Lane. Access from both roads. In a robust neighborhood retail market.
Lot Frontage: 50
Zoning Description: C-2 General Commercial
Topography: Rolling
Easements: Ingress/Egress
Easements Description: Permanent joint use easements from Chapman Highway and East Macon Lane. (50 feet on East Macon Lane and 80 feet on Chapman Highway)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,633 17,271 32,260
Median Age: 44.16 41.19 40.45
Households: 1,455 6,771 12,301

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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