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$ 1,999,900
Est. payment | /mo
1,655,280 SqFt
$ 1,999,900
Est. payment | /mo
1,655,280 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,655,280 sqft
Price per Sqft $1
Subdivision Not In Subdivision
MLS Listing ID 9999998
HOA Y/N No
Lot Size 38.000 Acres
Acres 38.0
Lot Dimensions 38 acres
Source Tennessee/Virginia Regional MLS
Property Description
Investment & Development Opportunity - East Tennessee
Rare opportunity to acquire a partially developed residential community in the growing East Tennessee market. This unique property offers substantial infrastructure already in place along with significant potential for completion, expansion, and long-term income generation.
The development is designed to accommodate approximately 84 residential sites, with several sites currently completed and additional room for future expansion. Planning and permitting work has already been completed, providing a strong foundation for an investor or developer to continue the project without starting from the ground up.
Once completed and stabilized, the community offers the potential for a strong recurring revenue stream through monthly site rentals.
This is an opportunity to step into an established development project, complete the remaining infrastructure, and create a sizeable income-producing community in East Tennessee.
Highlights include:
* Approximately 84 planned residential sites
* Two completed sites
* Existing development and infrastructure improvements
* Planning/permitting work already completed
* Planned reoccurring monthly lot-rental income
* Opportunity to complete and customize the remaining development or have the project manager stay on to complete the current vision.
* East Tennessee location with access to the region's growing residential and tourism markets
**Confidential offering.** Additional property details, location information, development plans, financial projections, and supporting documentation are available to qualified buyers upon request. Proof of funds or financial qualification may be required prior to release of confidential information, along with NDA.
Buyer and buyer's representatives to independently verify all information.
Rare opportunity to acquire a partially developed residential community in the growing East Tennessee market. This unique property offers substantial infrastructure already in place along with significant potential for completion, expansion, and long-term income generation.
The development is designed to accommodate approximately 84 residential sites, with several sites currently completed and additional room for future expansion. Planning and permitting work has already been completed, providing a strong foundation for an investor or developer to continue the project without starting from the ground up.
Once completed and stabilized, the community offers the potential for a strong recurring revenue stream through monthly site rentals.
This is an opportunity to step into an established development project, complete the remaining infrastructure, and create a sizeable income-producing community in East Tennessee.
Highlights include:
* Approximately 84 planned residential sites
* Two completed sites
* Existing development and infrastructure improvements
* Planning/permitting work already completed
* Planned reoccurring monthly lot-rental income
* Opportunity to complete and customize the remaining development or have the project manager stay on to complete the current vision.
* East Tennessee location with access to the region's growing residential and tourism markets
**Confidential offering.** Additional property details, location information, development plans, financial projections, and supporting documentation are available to qualified buyers upon request. Proof of funds or financial qualification may be required prior to release of confidential information, along with NDA.
Buyer and buyer's representatives to independently verify all information.
Location
State TN
County Grainger
Community Not In Subdivision
Area 38.0
Zoning Special Interes
Direction See agents for directions, address withheld. No drive-bys.
Building
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Bean Station
Middle Schools Rutledge
High Schools Grainger Co.
Others
Senior Community No
Listed by Tuesdee Davis • Tennessee Tuesdee Real Estate
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