Property Description

This 31.78 acre Tract is excellent prime land for a Mix-Use Project with commercial retail along street frontage and an excellent multifamily Development Opportunity in the rear with a view. It is located adjacent to a Super Walmart in Athens TN and can be subdivided or combined with an adjacent 25.79 AC tract for a total of 57.57 AC. Numerous retail, banking, public parks, service, medical, etc. are available within the adjacent market area.Brief bullets:¢ This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments.¢ There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development.¢ Broker will assist Buyer with personal introductions with local zoning and economic development officials.¢ Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence.¢ 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 available for new industries coming to McMinn County and the current inventory is dated.¢ There is potential to ''partner'' with local employers for master leases for residential units¢ The local and state elected officials and governmental agencies will work with Developers.¢ McMinn Co ranks higher than the State/Nation in manufacturing wages This 31.78 acre Tract is excellent prime land for a Mix-Use Project with commercial retail along street frontage and an excellent multifamily Development Opportunity in the rear with a view. It is located adjacent to a Super Walmart in Athens TN and can be subdivided or combined with an adjacent 25.79 AC tract for a total of 57.57 AC. Numerous retail, banking, public parks, service, medical, etc. are available within the adjacent market area.Brief bullets:* This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments.* There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development.* Broker will assist Buyer with personal introductions with local zoning and economic development officials.* Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence.* 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 available for new industries coming to McMinn County and the current inventory is dated.* There is potential to partner with local employers for master leases for residential units.* The local and state elected officials and governmental agencies will work with Developers.* McMinn Co ranks higher than the State/Nation in manufacturing wages.

Property Features

Local Schools