$3,900,000
Dayton, TN 37321
MLS# 1245062
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Property Description
Lake Chickamauga Frontage and Views AFM Real Estate is pleased to present the New Union Tract located in southern Rhea County, TN. The southern boundary of New Union adjoins +/-8,000 feet of TVA Chickamauga Lake frontage. The 767-acre tract has high development potential with over 4,700 feet of double frontage on New Union Road with property located on both sides of the paved frontage. Electricity, water, and telephone are the noted utilities on New Union Road. The gentle topography makes the tract highly accessible and usable. The tract is subject to Restrictive Covenants, Reservation and Easements set forth in the deeds from the United States of America conveying TVA parcels XCR-177 and XCR-178. These covenants contain certain residential building set back restrictions on 160 acres of the land adjacent to the water. Language in the deed allows for water use facilities, subject to TVA approval. Seller and seller's agent make no representations or guarantees as to any approvals on any applications. Buyers should contact TVA as to any specific information regarding such permits for lake access. Maps can be provided showing approximate setback boundaries. The property has been owned for decades by a forest products company. The primary use of the land was growing timber for the paper mill in Calhoun Tennessee. The forest cover on the tract ranges from merchantable pine pulpwood to young pine plantations. There is also a significant portion of natural hardwoods. This diverse forest provides natural beauty, recreational opportunities, and income potential for a future owner. East Tennessee is growing rapidly. New housing is being built in the area near the tract and the local Rhea County Airport is about one mile from the tract. Good county and state roads connect the tract to Dayton, which is 7 miles from the northwest border. Dayton has a wide range of retail opportunities and any necessities of life a resident would require. This tract is less than an hour's drive North of Chattanooga, TN.
Details
Maps
Location, Tax & Legal Info
Street Name: New Union Road
State/Province: TN
Zip Code: 37321
Area: Rhea County - 42
City/County Code: County
PIN #: 104 016.00
Total Tax: 2689.98
Geo Lat: 35.393838
Geo Lon: -85.141935
Contract Info
Auction Y/N: No
Listing Price: 3900000
Current Price: $3,900,000
Status: Active
Listing Date: 2023-11-06
Cooperation Comp: 1.5
Compensation Type: %
General Property Description
Lot Dimensions: 1000
Acres: 767
Acre Source: Owner
Restrictions: No
Property Status: N/A
Remarks & Misc
Directions: From the intersection of HWYs 27 and 30 in Dayton TN head east on HWY 30 3.4 miles, turn right on New Union Road 0.8 miles, turn right on New Union Road 3.4 miles and tract is on both sides of the road.
Public Remarks: Lake Chickamauga Frontage and Views
AFM Real Estate is pleased to present the New Union Tract located in southern Rhea County, TN. The southern boundary of New Union adjoins +/-8,000 feet of TVA Chickamauga Lake frontage. The 767-acre tract has high development potential with over 4,700 feet of double frontage on New Union Road with property located on both sides of the paved frontage. Electricity, water, and telephone are the noted utilities on New Union Road. The gentle topography makes the tract highly accessible and usable.
The tract is subject to Restrictive Covenants, Reservation and Easements set forth in the deeds from the United States of America conveying TVA parcels XCR-177 and XCR-178. These covenants contain certain residential building set back restrictions on 160 acres of the land adjacent to the water. Language in the deed allows for water use facilities, subject to TVA approval. Seller and seller's agent make no representations or guarantees as to any approvals on any applications. Buyers should contact TVA as to any specific information regarding such permits for lake access. Maps can be provided showing approximate setback boundaries.
The property has been owned for decades by a forest products company. The primary use of the land was growing timber for the paper mill in Calhoun Tennessee. The forest cover on the tract ranges from merchantable pine pulpwood to young pine plantations. There is also a significant portion of natural hardwoods. This diverse forest provides natural beauty, recreational opportunities, and income potential for a future owner.
East Tennessee is growing rapidly. New housing is being built in the area near the tract and the local Rhea County Airport is about one mile from the tract. Good county and state roads connect the tract to Dayton, which is 7 miles from the northwest border. Dayton has a wide range of retail opportunities and any necessities of life a resident would require. This tract is less than an hour's drive North of Chattanooga, TN.
Status Change Info
Status Change Date: 2023-11-06
Property Features
Property Sub-Type: Lake Front; Recreational; Rural; Single Family; Waterfront Access
Topography: Level; Rolling; Steep
Road Frontage: County; Paved; Private
Road Access: Public Road
Sale Options: Fee Simple
Improvements: Utilities on Site
Easements: Agricultural Rights; TVA Flowage Easement
Community Amenities: Other
Lot Description: Irregular Lot; Lake Access; Lakefront; Man-Made Lake; River; Waterfront Access; Wooded
View: Country Setting; Lake; Lakefront; Mountain View; Seasonal Lake View; Seasonal Mountain
Documents on File: Restrictions; Topography Map
Developmnt Potential: Farm; Multi-Family; Recreational; Subdivision
Utilities Available: Electricity; Telephone; Water
Zoning: Zoned Agricultural
Present Structures: None
New Financing: Other
Listing Office: AFM Real Estate
Office Phone: 865-248-8315
Last Updated: November - 07 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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