Greeneville, TN Asheville Hwy. Redevelopment Opportunity

Vacant Land for Sale
Catylist Listing ID: 30466767
Property Subtypes: Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 4 Acres
Sale Price: $600,000
Unit Price: $150,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2019

Overview / Comments

This property is comprised of nearly 4.00 Acres +/- and is situated near the signalized intersection of W. Main Street (US Hwy 321) and the Asheville Highway (SR-70). The property is generally level, with primary access from the Asheville Hwy. and secondary access available from W. Main Street.

The property is located adjacent to Walgreen's. Other intense uses in the immediate vicinity include a Taco Bell, Advance Auto Parts, and AJ Bank. This stretch of Asheville Highway experiences traffic counts of nearly 14,000 cars per day. This established neighborhood is located to the west of the Town's Historic District. Uses here serve the residents of Greeneville and those living in more rural areas of Greene County to the west and the south. Commercial uses nearby include various drug stores, branch banks, credit unions, national retailers, fast food restaurants, grocery stores (Food City and Ingles), and gas station/c-stores. This property is also convenient to Greeneville Community Hospital West (Ballad Health) as well as Greeneville Middle School.

Frontage along Asheville Hwy. totals 312' +/-, and this property also has 250' of frontage along the undeveloped Carson Street frontage which runs along its northeast boundary with Walgreens. The southern boundary of the site fronts Forest Street with 555' of frontage available. The frontage along W. Main Street totals 81'. The characteristics of this site would allow for a variety of development schemes and potential uses.

This site is currently improved with a 80,000 SF +/- former tobacco warehouse which was constructed in the late 1930's. This building is currently occupied for an agricultural supply use. There are also (2) smaller commercial buildings which have in the recent past been leased for various uses.

Additional Details

Nearest MSA: Greeneville
County: Greene
Taxing Authority: Greene County, TN and Town of Greeneville
Tax ID/APN: Map 110B Group B Parcel 016.00 and Parcel 010.01
Zoning: M-2 HIGH IMPACT USE (COMMERCIAL USES ALLOWED)
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,406 17,775 30,299
Median Age: 42.29 42.44 41.91
Households: 651 7,485 12,565

Contact

Photograph of Listing Agent

Josh Gouge

Green Commercial Realty, Inc.
NETAR CMLS Member
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