101 ACRES WITH LOTS OF DEVELOPMENT POTENTIAL
Vacant Land
for Sale
| Catylist Listing ID: |
30829679 |
| Property Subtypes: |
Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort, Other
|
| Gross Land Area: |
101 - 102 Acres
|
| Sale Price: |
$1,800,000 |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/9/2023 |
Overview / Comments
|
Great Development potential. Level to gently sloping open acreage with mountain views.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Taxing Authority: |
Loudon County |
| Tax ID/APN: |
05308001400 |
| Zoning: |
A1 ACCORDING TO THE LOUDON COUNTY PUBLIC TAX RECORDS |
| Property Located Between: |
411 South and 95 South in Loudon County |
| Property Visibility: |
Excellent |
| Legal Description: |
080 014.00 according to the Loudon County Tax Records |
| Largest Nearby Street: |
Highway 411 South |
| Feet of Frontage: |
924 |
| Highway Access: |
The property is located 1/4 mile from highway 411 South. There is an easement on the neighboring property, see documents. |
| Airports: |
McGhee Tyson Airport |
| Site Description: |
Level to gently rolling rectangular shaped property that is currently being used for agricultural purposes. There is a farmer that is maintaining the property in exchange for hay and some crops. |
| Area Description: |
The property is located in East Tennessee in Greenback, which is a city in Loudon County located approximately 30 miles southwest of Knoxville, Tennessee. According to the 2020 census, the population in Greenback was 1,102. The population in Loudon County was approximately 54,886. Greenback and Loudon County are part of the Knoxville, TN Metropolitan Statistical Area, which has an estimated current population of 879,773 persons. Greenback is a rural small town with multiple state highways providing convenient access to the interstate system and to larger areas in East Tennessee. Most economic activity in Greenback is related to agriculture, while significant employment centers in the nearby cities of Oak Ridge, Maryville, Lenoir City, Loudon and Knoxville are abundant and most are located within a one hour commute. These factors provide a stable environment and exert a positive influence on the property. |
| Lot Frontage: |
924 feet of road frontage on Highway 95 South |
| Lot Depth: |
2885 feet in Depth, See plat |
| Zoning Description: |
Currently zoned agriculture and is in Greenbelt status |
| Topography: |
Level |
| Soil Type: |
Other |
| Available Utilities: |
Other |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,996 |
12,249 |
| Median Age: |
41.66 |
42.06 |
| Households: |
1,939 |
4,733 |
|
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