DEVELOPMENT PROPERTY

Vacant Land for Sale
Catylist Listing ID: 30787523
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 32.50 Acres
Sale Price: $599,900
Unit Price: $18,458 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/4/2022

Overview / Comments

DEVELOPMENT PROPERTY: Approximately 32 acres of R-3 high density, residentially zoned land with ALL utilities. City water and sewer, natural gas and high-speed internet are all onsite or roadside. There are two deeded entrances to the property. One entrance off of Killion Drive and one entrance off Delores Drive. In the past the City of Dandridge did approve a housing plan for apartments with 152 units in the design. The SWPPP (Storm Water Pollution Prevention Plan) is in place and is paid for. This property attaches to the development named Franklin Ridge and also has Interstate 40 as one of its boundaries. There is a billboard onsite that transfers with the sale. Very high visibility from the interstate. Approx 70,000 cars per day travel past this property. The property is located near the Interstate 40, 417 Off Ramp in Dandridge. Centrally located in Jefferson County the property is just minutes away from Douglas Lake and Cherokee Lake. In just minutes to can be to ALL area attractions like Bass Pro, Dollywood, Splash country, Pigeon Forge and Gatlinburg Tennessee and the Gateway to the Great Smoky Mountains. This is an excellent retirement area.

Additional Details

Nearest MSA: Morristown
County: Jefferson
Tax ID/APN: 04505803408
Legal Description: 058 036.00 000
Zoning Description: R-3
Easements: Other
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,823 5,419 17,359
Median Age: 36.52 41.32 42.71
Households: 572 1,997 6,853

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