225 Acre School/Camp Retreat on Hiwassee River

Special Purpose for Sale
Catylist Listing ID: 30051683
Property Subtypes: Agricultural, Assembly/Meeting Place, Health Care/Medical, Marina, School/University, Senior Housing, Other
Building Size (RSF): 41,000 SF
Gross Land Area: 225 Acres
Sale Price: $2,000,000
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 41,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

The property was developed originally with over $6,000,000 of construction and development. It was developed as a campus for Advent Homes with a 12,000 SF school building, dormitories to house 35 students and permanent housing for the staff.

Uses today include similar type uses plus training center, a retreat, outdoor camp or fishing camp or boating use. There is 1 mile of river frontage on the Hiwassee River.

This property includes the following:
225 acres of land with pastures, forests and 1 mile of river frontage
12,000 SF school building, over 41,000 SF of structures in total
2 dormitories which will house 32 students, 5 staff apartments and cafeteria
13 single family homes for staff
5 Mobile Homes
Trailers for storage
5 Greenhouses, old barn, vegetable storage barn
Miles of walking trails, creeks and ponds
Wells with pumps and associated water purification systems
Radio tower
100 acres of timberland

Please find attached an 18 page brochure which describes the property further.

Additional Details

Nearest MSA: Athens
County: McMinn
Taxing Authority: McMinn County
Tax ID/APN: 136 001.0
Zoning: NONE
Property Located Between: County Rd 950 & Hiwassee River
Property Visibility: Excellent
Largest Nearby Street: Hwy 11
Feet of Frontage: 5,000
Traffic/Vehicle Count: 7,500
Highway Access: Access to Interstate I-75 is 12 miles away at Exit 36. Hwy 11 access is 5 miles away.
Airports: Cleveland/Chattanooga
Site Description: The site includes 225 acres of land with open field and pastures, forests, miles of trails and a mile of frontage on the Hiwassee River. Plus school, 13 homes, 5 greenhouses, vegetable gardens, ponds and creeks.
Area Description: The property is located about 5 miles off of Hwy 11 in Calhoun, TN. The immediate area is rural and somewhat secluded on a back country road.
Total Number of Buildings: 20
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Property Condition: Good
Year Built: 1977
Parking Type: Surface
Parking Description: Ample parking around the school and dormitories and houses.
Heat Type: Electricity
Interior Description: School: typical classrooms and offices Dormitories: apartments,cafeteria, meeting areas Houses: typical single family homes
Zoning Description: None
In Flood Plain?: Yes
Lot Frontage: 5000
Water Service: Well
Sewer Type: Septic
Land Ownership: Owned

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,776 9,692
Median Age: 40.08 41.55
Households: 1,080 3,668

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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