7.6 acres in Cleveland City Limits off Blue Springs Rd

Vacant Land for Sale
Catylist Listing ID: 30153213
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 7.60 Acres
Sale Price: $57,000
Unit Price: $7,500 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/23/2017

Overview / Comments

Within City Limits 7.6 acres zoned R1 but was once zoned differently for multi-family units. This acreage CAN be SUBDIVIDED. Easy access to APD 40 and 3 minutes from Downtown Cleveland. There is a water (Cleveland Utilities) utility easement on the south end of property and along Eldridge Dr. SW to accommodate a 20" water line (incoming) to water tank up higher on Eldridge Dr. This easement is approx 10' off the front left quadrant of property. The property is currently wooded with gentle slope up. Would make good garage multifamily units. Owner will finance with $5000 down and 6% interest for 5 years. Access is from Eldridge Drive SW off of Blue Springs Road

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland, TN/Bradley County
Tax ID/APN: 065B C 002.05
Zoning: R1 (WAS ONCE ZONED MULTI-FAMILITY)
Property Located Between: APD 40/Highway 64 and SW Old Chattanooga Pike
Property Visibility: Fair
Legal Description: 7.6 acres 00 Blue Springs Rd SW, Cleveland, Bradley County, TN 37311; Tax ID 065B C 002.05; Deed Book 2076, Page 961.
Largest Nearby Street: Blue Springs Road
Feet of Frontage: 214
Traffic/Vehicle Count: 2,500
Highway Access: APD 40 is a ByPass around Cleveland and it is 1/4 mile from site. I-75 is approx 3.5 miles away.
Airports: Cleveland Jetport that accommodates large jets is 15 minutes away.
Site Description: 7.6 acres accessable only by Eldridge Dr SW although the address of site is 00 Blue Springs Rd SW. There is a rough road that can be driven on with 4 wheel drive vehicle up to middle of site fromEldridge Dr. SW
Area Description: Immediate area is residential and multi-family currently. Adjacent on Blue Springs Rd is commercial.
Lot Frontage: 724'
Lot Depth: 336'- 380'
Zoning Description: Cleveland City Zoning currently has site zoned R1. Was once zoned multi-family but owner had it changed for tax purposes. Can be changed back to R2-3.
Topography: Gently Sloping
Easements: Utilities
Easements Description: (Cleveland Utilities) water utility easement on the south end of property and along Eldridge Dr. SW to accommodate a 20" water line (incoming) to water tank up higher on Eldridge Dr. This easement is approx 10' off the front left quadrant of property.
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,231 29,394 57,997
Median Age: 34.47 33.77 36.59
Households: 2,247 11,194 22,399

Contact

Photograph of Listing Agent

Kimberly Ledford

Re/Max R. E. Professionals GCAR CMLS Member
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