$1,750,000

About this home

This 25.79 Acre Tract is an excellent prime location for a Mixed-Use Project with Commercial/Retail along the road frontage and MultiFamily Development on the remaining acreage. It is located adjacent to the Walmart Superstore in Athens, TN. This Tract may be purchased separately or may be combined with an adjacent 31.78 Acre Tract for a total of 57.57 Acres. There are numerous retail stores, banking, public parks, services, medical, etc., conveniently located within the adjacent market area. Brief Bullets: ¨ There is a 200 foot set-back from the road for Commercial/Retail development. The remaining acreage is available for Residential development. ¨ Upon Buyer signing an LOI, Owner will provide all existing engineering studies, surveys, and pertinent information for expediting due diligence. ¨ Broker will assist Buyer with introductions to local zoning and economic development officials. ¨ 43.9% of McMinn County employees currently reside outside McMinn County due to lack of available affordable housing. ¨ MultiFamily Occupancy is 95.5% within the City of Athens. ¨ There is limited housing currently available for employees of new industries coming to McMinn County and the existing inventory is dated. ¨ Local and State elected officials and government agencies will work with Developers. ¨ McMinn Co. ranks higher than the State/Nation for average manufacturing wages.

Features

Location