5.826 ACRES CORNER MILLIGAN HWY AND CEDAR GROVE ROAD

Vacant Land for Sale
Catylist Listing ID: 30179867
Property Subtypes: Multi-Family
Gross Land Area: 5.83 Acres
Sale Price: $325,000
Unit Price: $55,746 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2019

Overview / Comments

ATTENTION DEVELOPERS!! 5.826 ACRES ZONED RP-3, Multi-Family, 8.5 Units Per Acre, for an approximate total of 52 Units (Subject to City Approval of Site Plans). Awesome Development Potential. Development Concept Plans are available.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County Tennessee
Tax ID/APN: 055B D 001.12 & 001.03
Zoning: RP-3
Property Located Between: Milligan Hwy.
Property Visibility: Excellent
Largest Nearby Street: Milligan Hwy.
Feet of Frontage: 1,022
Traffic/Vehicle Count: 10,000
Highway Access: From I-26, take University Parkway exit toward Elizabethton, RIGHT on Milligan Hwy., Property on LEFT corner of Milligan Hwy. and Cedar Grove Rd.
Lot Frontage: 1022
Topography: Rolling
Easements: Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,196 39,733 69,784
Median Age: 33.48 36.77 38.38
Households: 3,294 16,576 29,952

Contact

Photograph of Listing Agent

Bill Hawk

Re/Max Checkmate, REALTORS Commercial
NETAR CMLS Member
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