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: 3/29/2021

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.

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
Lot Depth: 450
Topography: Rolling
Easements: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,908 38,500
Median Age: 41.26 41.81
Households: 5,935 15,846


Photograph of Listing Agent

Bill Hawk

Re/Max Checkmate, REALTORS Commercial
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