10.4 Acres Zoned R-3 in Jonesborough
Vacant Land
for Sale
| Catylist Listing ID: |
30636107 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
10.40 Acres
|
| Sale Price: |
$675,000 |
| Unit Price: |
$64,903 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/23/2020 |
Overview / Comments
|
ATTENTION INVESTORS, BUILDERS, DEVLOPERS, AND ANYONE WANTING TO OWN AN ESTATE WITHIN WALKING DISTANCE OF DOWNTOWN JONESBOROUGH, THE OLDEST TOWN IN TENNESSEE, WHICH IS THE HOME OF THE NATIONAL STORYTELLING FESTIVAL! This Beautiful Hilltop Property , with Mountain Views, is located within the City Limits of Jonesborough and it features a 4BR-1BA Two Story With Basement Brick Residence, a 10' X 20' Outbuilding, a Big Red 40' X 60' Barn, and 10 Acres of Land. The House, which features good looking, original hardwood floors, a fully equipped Eat-In Kitchen, a Formal Dining Room, a Formal Living Room with a Wood Burning Fireplace, 2 Bedrooms and 1 Bath on the Main Level. The Second Floor features a Den and 2 additional Bedrooms. The House was built in 1950 and most Buyers would probably want to update the interior if the property was going to be used as a Personal Estate. THIS PROPERTY'S BEST FEATURE is its ability to be Developed! It is currently zoned R-3 which allows for up to 200 Multi-Family Units (Apartments, Condominiums, etc.) and with frontage on three roads it offers a variety of development potential. It would be easy to subdivide this property into 4 Separate Tracts which would allow for any development to take place in phases. A Subdivision Concept Plan is available on request.
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Additional Details
| Nearest MSA: |
Johnson City |
| County: |
Washington |
| Taxing Authority: |
Washington County, Tennessee |
| Tax ID/APN: |
090059E B 00100 |
| Zoning: |
R-3 |
| Property Located Between: |
Persimmon Ridge Road and Main Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Feet of Frontage: |
1,148 |
| Lot Frontage: |
1148 |
| Topography: |
Rolling |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
14,908 |
38,500 |
| Median Age: |
41.26 |
41.81 |
| Households: |
5,935 |
15,846 |
|
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