Catylist ID:
#30672319
| Catylist Listing ID: | 30672319 |
| Property Subtypes: | Hospitality, Multi-Family, Residential (Single Family), Retail, Vacation/Resort, Other |
| Gross Land Area: | 80 Acres |
| Sale Price: | $900,000 |
| Unit Price: | $11,250 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/12/2022 |
Overview / Comments
|
OWNER WILLING TO SUBDIVIDE (SEE BELOW) Owner Financing Available. $100,000 down with the balance financed at 6% over ten years. 80 +/- prime highway acreage. Fronts I-24 between exits 134 and 135 atop Monteagle Mountain, Marion County, TN. Over 2200' of Interstate frontage. Last large parcel to be developed along I-24. Ideal for commercial mixed use; restaurants, hotels, drug store, grocery store, truck stops, C-stores. A portion of the property can be residential and fronts a small lake off Laurel Lake Drive. Seller willing to sell the eastern 50+/- acres as commercial, currently is being cleared) and will sell the western 30 +/- acres for residential, recreation or special purpose. Sewer and water are available in accordance to the seller. Property consists of Parcel #'s: 022 017.00; 022 018.01; 022 018.00. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Marion |
| Tax ID/APN: | 022 017.00; 022 018.01; 022 018.00 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | I-24 |
| Feet of Frontage: | 2,200 |
| Traffic/Vehicle Count: | 37,888 |
| Highway Access: | Property fronts directly on I-24 at the #135 Exit Ramp |
| Area Description: | Monteagle Mountain is home to The University of the South, Sewanee College, a private Episcopal liberal arts college founded in 1857. Also home to South Cumberland State Park, Cascade Falls, the Fiery Gizzard Trail and numerous hiking and camping trails. |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 726 | 5,354 |
| Median Age: | 53.61 | 44.98 |
| Households: | 259 | 2,192 |
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