75 Acres, 3,500 Feet of Road Frontage, $10,000/AC

Vacant Land for Sale
Catylist Listing ID: 30151502
Property Subtypes: Agricultural, Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 75 Acres
Sale Price: $750,000
Unit Price: $10,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2019

Overview / Comments

At $10,000 per acre this land can be used commercially, residentially or recreationally. Part of the property now is an airplane airstrip. The seller will consider selling the SR 28 & John Burch Road corner as a 2 acre corner for a commercial user but at a much higher cost/acre.

Part of the property is in the 100-year flood plain. See map.

There about 3,500 feet of road frontage along SR 28. Many years ago there was a rail line next to the road but the line was taken up and the land deeded to the seller.

The property has many potential uses. It could be commercial, residential or recreational or even industrial. A major industry like the tire plant facility going into Dayton could possibly build a large plant at this site.

The property is zoned for Griffith Elementary, Sequatchie County Middle and Sequatchie County High Schools.

Additional Details

Nearest MSA: Chattanooga
County: Sequatchie
Taxing Authority: Sequatchie County
Tax ID/APN: 063 007.00
Zoning: NONE
Property Located Between: State Road (SR) 28 and John Burch Road
Property Visibility: Excellent
Largest Nearby Street: SR 28
Feet of Frontage: 3,500
Traffic/Vehicle Count: 7,000
Highway Access: The property fronts SR 28 just south of Dunlap, TN. Subject is 2.7 miles to Dunlap, 23 miles to Jasper, 51 miles to Crossville (I-40).
Airports: Chattanooga Metropolitan Airport
Site Description: The property is level and at just below street grade.
Area Description: Dunlap is just north of Chattanooga in Sequatchie Valley. SR 28 connects Jasper, Dunlap and Dayton up the Sequatchie Valley.
Lot Frontage: 3,500
Lot Depth: 900
Zoning Description: John Burch Road which is adjacent to the property is the end of the City of Dunlap's jurisdiction. The unincorporated area of Sequatchie County has no zoning. If zoning is needed or if it was better to be within the city limits, the property probably could be annexed in since it is adjacent.
Development Name: 75 Acres, 3,500 Feet of Frontage, $15,000/AC
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,663 3,569 6,070
Median Age: 37.52 37.95 38.81
Households: 1,014 1,385 2,323


Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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