Athen Commercial Development

Vacant Land for Sale
Catylist Listing ID: 30339041
Property Subtypes: Retail, Self Storage
Gross Land Area: 7.77 Acres
Sale Price: $1,085,000
Unit Price: $139,639 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2018

Overview / Comments

Property can be sold with the property adjacent to it which would give you a total of 8 acres of beautiful land to develop. Attached I have more details. A lot of due diligence has been done for a climate control storage facility with also would be able to be used for other types of development as well.

A diamond on the hill! Location, Location, Location. The property brings in income from a 6 unit apartment, and billboard. The property has a beautiful rolling hill that overlooks the interstate. The owner has done a lot of the due diligence for a climate control business. The site would make an excellent development for an apartment complex, hotel, assistant living, medical offices, or a storage unit/ car wash. You have access from Decatur Rd right off the interstate by the new Burger King and the drive curves around to the property. The property located directly behind Burger King is also for sale and these two properties purchased together would make a fantastic development opportunity with approximately 8 acres. The income for the six-unit apartments is roughly $40,000 a year, and the Billboard board sign has an 8-year lease and brings in approximately $4,000 a year. Call for more information.

ACCESS FROM HWY 30!

Demographics
McMinn County, Tennessee encompasses 430.13 square miles. Incorporated areas within McMinn County include the City of Athens, Town of Calhoun, Town of Englewood, City of Etowah, and the City of Niota. The City of Athens is the largest incorporated area and a Metropolitan Statistical Area. The Athens Metropolitan Area is part of the larger Chattanooga – Cleveland – Athens Combined Statistical Area. The 2010 Census of Population shows the population in McMinn County is 52,341, a 6.8 percent (6.8%) increase from the 2000 Census of Population.

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 252 & 046 254.00 & 046 255.00 & 046
Zoning: COMMERCIAL
Property Located Between: Whitaker Rd and Hwy 30
Largest Nearby Street: Decatur Pike
Traffic/Vehicle Count: 38,317
Highway Access: Hwy 30 and Hwy 11
Airports: Chattanooga Metropolitan Airport
Site Description: A 6 unit apartment sits on the corner of the property and brings in an income. The property is visible from both sides of the interstate.
Area Description: Off-Site Recreational ActivitiesAthens Regional Park, one mi.Classic Lanes Bowling, 2.3 mi.Snap Fitness, 2.4 mi.The Tanning Co, 2.9 mi.Hollywood Body Spa & Laser, four mi.24/7 Family Fitness, 4.4 mi.Prof Park, 4.6 mi.Rock Springs Golf Course, 4.6 mi.Decatur Park, 9.8 mi.Candies Creek Wildlife Management Area, 19.7 mi.Area AttractionsMcMinn County Living Heritage Museum, 3.8 mi.Mayfield Dairy Farms, 4.7 mi.Swift Museum, 8.8 mi.Meigs County Historical Museum, 9.8 mi.The Lost Sea Adventure, 16.3 mi.Hiwassee Ocoee State Park, 21.2 mi.The Sequoyah Birthplace Museum, 30.6 mi.Fort Loudoun State historical, 30.7 mi.Smoky Mountain Speedway, 39.9 mi.Harrison Bay State Park, 41.9 mi.Great Smoky Mountains National Park, 48.1 mi.
Zoning Description: Commercial
Development Name: Athens Development
Available Utilities: Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,383 8,401 23,965
Median Age: 33.41 40.62 40.23
Households: 637 3,672 9,734

Contact

Photograph of Listing Agent

Wendy J Elliott

Stonecrest Properties Greater Chattanooga REALTORS® Member
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