Catylist ID:
#30733463
Catylist Listing ID: | 30733463 |
Property Subtypes: | Hospitality, Multi-Family, Office, Retail-Pad, Other |
Gross Land Area: | 31.78 Acres |
Sale Price: | $1,999,999 |
Unit Price: | $62,932 Per Acre |
Land Splits Available: | Yes |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Last Updated: | 5/18/2022 |
Overview / Comments
31.78 acres which is prime for an excellent multifamily Development Opportunity! It is located adjacent to a Super Walmart in Athens TN and can be subdivided. The city of Athens has conducted a professional multifamily Market Study which is attached. Numerous retail, banking, public parks, service, medical, etc. available within the near by area. Brief bullets: 43.9% of McMinn Co employees reside outside of McMinn Co. Occupancy in McMinn Co is 95.5% and 98.8 within Athens, TN There is limited housing currently and has dated inventory The governmental agency would consider Tax Incentive Financing (TIF) McMinn Co ranks higher than the State/Nation in manufacturing wages There is potential to "partner" with local employers for master leases for units |
Attachments & Media
Additional Details
Nearest MSA: | Athens |
County: | McMinn |
Tax ID/APN: | 056 135.01 000 |
Property Located Between: | Congress Parkway, Dennis Street, and Lee Highway |
Property Visibility: | Excellent |
Largest Nearby Street: | Congress Parkway |
Feet of Frontage: | 924 |
Site Description: | Easy rolling |
Lot Frontage: | 924 feet |
Lot Depth: | 1044 feet |
Topography: | Gently Sloping |
Available Utilities: | Electric, Water, Gas, Sewer |
Water Service: | Municipal |
Sewer Type: | Municipal |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 1,156 | 12,895 | 26,625 |
Median Age: | 43.33 | 38.98 | 40.5 |
Households: | 433 | 5,421 | 10,716 |
Contact
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