TN River Gorge Parcel

Vacant Land for Sale
Catylist Listing ID: 30163549
Property Subtypes: Agricultural, Hospitality, Multi-Family, Residential (Single Family), Other
Gross Land Area: 20.22 Acres
Sale Price: $225,000
Unit Price: $11,127 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

Large Tract overlooking the Tennessee River Gorge (Nickajack Lake). This parcel has multiple building sites and driveway access to Hwy 41. Approx 1100 linear feet of frontage. Lot depth is approx. 700 ft. Topography provides a 250 ft vertical relief for premium views of the Tennessee River Gorge from the south shore. Current septic field line for 4 residential units...some repair may be required. Adjacent on two sides to TN River Gorge Trust conserved land...surrounding acreage is approximately 320 acres. A perennial spring flows abundantly and has never run dry in the Seller's generational ownership. This property has a long heritage in the community as the site of ''Pete's'' local store / grocery. Any existing buildings on site will be sold in ''AS-IS'' condition.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Marion County
Tax ID/APN: 128 023.00
Zoning: R1
Property Visibility: Good
Legal Description: As Described in Marion Co Record, Deed Book 223, Page 419.
Largest Nearby Street: US hwy 41
Feet of Frontage: 1,100
Highway Access: US Hwy 41. Approx 5 miles from Interstate 24 at Exit 174 (Tennessee)
Airports: Chattanooga Municipal
Site Description: Level Frontage on HWY 41. Sloping to approx. 250 ft vertical Relief. Views to Tennessee River (Nickajack Lake) and the Tennessee River Gorge.
Area Description: Rural Marion County. Within the geographic land form Tennessee River Gorge which connects Lake Chickamauga with Nickajack Lake. Public boat launch 1 mile south of property on Hwy 41.
Lot Frontage: 1100 +/-
Lot Depth: 700 +/1
Zoning Description: R1 or Agricultural
Topography: Steep
Available Utilities: Electric, Cable
Water Service: Other
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,489 2,966
Median Age: 49.78 48.13
Households: 669 1,327


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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