$4,260,000
Wartburg, TN 37887
MLS# 1205943
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Property Description
Located in the picturesque area of Wartburg, TN, and strategically situated right off HWY 62, this 25-acre parcel of prime land presents an exceptional opportunity for savvy developers and investors. The land, boasting vast expanses of developable terrain, is perfectly poised for a variety of commercial ventures, including a hotel, restaurant, grocery store, or mixed-use development. Given its proximity to major tourist attractions such as the Brushy Mountain State Penitentiary and Frozen Head State Park, the location is a magnet for both local and visiting patrons. This unique blend of natural beauty and historical significance ensures a steady stream of visitors year-round, offering an ideal backdrop for a thriving business hub. The property's easy access to major transportation routes, combined with the allure of surrounding natural landscapes and attractions, makes it a highly desirable spot for development projects aimed at tapping into the tourism and retail markets. Whether looking to build a boutique hotel that caters to adventure-seekers and history buffs, a restaurant that serves as a culinary gateway to the region, or a retail complex that meets the needs of locals and tourists alike, this land offers the flexibility and location to make those visions a reality. In essence, this 25-acre plot is not just land; it's a blank canvas for creating a landmark destination in Wartburg, TN. Its potential for generating significant returns on investment through a well-conceived development project is immense. For investors and developers with a vision to blend commerce with the captivating charm of Tennessee's landscapes and historical sites, this opportunity is unparalleled.
Details
Maps
Location, Tax & Legal Info
House #: 1950
Street Name: Knoxville
St Suffix: Hwy
State/Province: TN
Zip Code: 37887
Area: Morgan County - 35
City/County Code: County
PIN #: 108 013.02 and 108 013.09
Community: Wartburg
Total Tax: 1100.52
Geo Lat: 36.094764
Geo Lon: -84.551918
Contract Info
Auction Y/N: No
Listing Price: 4260000
Current Price: $4,260,000
Status: Active
Listing Date: 2022-09-15
Cooperation Comp: 3
Compensation Type: %
General Property Description
Lot Dimensions: 0x0x0
Acres: 24.35
Acre Source: Tax Records
Restrictions: No
Property Status: N/A
Remarks & Misc
Directions: Oak Ridge Hwy to Wintergap Rd to Knoxville Hwy, 14 miles, property on right.
Public Remarks: Located in the picturesque area of Wartburg, TN, and strategically situated right off HWY 62, this 25-acre parcel of prime land presents an exceptional opportunity for savvy developers and investors. The land, boasting vast expanses of developable terrain, is perfectly poised for a variety of commercial ventures, including a hotel, restaurant, grocery store, or mixed-use development. Given its proximity to major tourist attractions such as the Brushy Mountain State Penitentiary and Frozen Head State Park, the location is a magnet for both local and visiting patrons. This unique blend of natural beauty and historical significance ensures a steady stream of visitors year-round, offering an ideal backdrop for a thriving business hub. The property's easy access to major transportation routes, combined with the allure of surrounding natural landscapes and attractions, makes it a highly desirable spot for development projects aimed at tapping into the tourism and retail markets. Whether looking to build a boutique hotel that caters to adventure-seekers and history buffs, a restaurant that serves as a culinary gateway to the region, or a retail complex that meets the needs of locals and tourists alike, this land offers the flexibility and location to make those visions a reality. In essence, this 25-acre plot is not just land; it's a blank canvas for creating a landmark destination in Wartburg, TN. Its potential for generating significant returns on investment through a well-conceived development project is immense. For investors and developers with a vision to blend commerce with the captivating charm of Tennessee's landscapes and historical sites, this opportunity is unparalleled.
Status Change Info
Status Change Date: 2024-03-18
Property Features
Property Sub-Type: Commercial; Farm; Industrial; Other
Topography: Level; Partially Cleared
Road Frontage: Paved
Road Access: Public Road
Sale Options: Will Not Divide
Improvements: Driveway; Fenced; Utilities on Site; RV Parking
Easements: Agricultural Rights; Mineral Rights Avlbl
Lot Description: Level; Pond
View: Mountain View
Documents on File: None
Developmnt Potential: Commercial; Farm; Industrial; Retail
Utilities Available: Cable TV; Electricity; Gas; Telephone; Water
Zoning: Zoned Agricultural; Zoned Residential
Present Structures: Barn; Residence
Undeveloped: Fenced - Partial
New Financing: Cash; Conventional; FHA; VA Loan
Showing Instructions: See Agent Instructns
Listing Office: MR10 Realty
Office Phone: 865-737-4567
Last Updated: March - 19 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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