80 +/- acres fronting I-24 Monteagle, TN

Vacant Land for Sale
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 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.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 726 5,354
Median Age: 53.61 44.98
Households: 259 2,192


Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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