0 Layman RD Athens, TN 37303
31.78 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1542572
Lot Size 31.780 Acres
Acres 31.78
Property Sub-Type Unimproved Land
Source Greater Chattanooga REALTORS®
Property Description
Brief bullets:
• This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments.
• There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development.
• Broker will assist Buyer with personal introductions with local zoning and economic development officials.
• Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence.
• 43.9% of McMinn Co employees reside outside of McMinn Co.
• Occupancy in McMinn Co is 95.5% and 98.8 within Athens, TN
• There is limited housing currently available for new industries coming to McMinn County and the current inventory is dated.
• There is potential to ''partner'' with local employers for master leases for residential units
• The local and state elected officials and governmental agencies will work with Developers.
• McMinn Co ranks higher than the State/Nation in manufacturing wages This 31.78 acre Tract is excellent prime land for a Mix-Use Project with commercial retail along street frontage and an excellent multifamily Development Opportunity in the rear with a view. It is located adjacent to a Super Walmart in Athens TN and can be subdivided or combined with an adjacent 25.79 AC tract for a total of 57.57 AC. The city of Athens has conducted a professional multifamily Market Study which is attached. Numerous retail, banking, public parks, service, medical, etc. are available within the adjacent market area.
Brief bullets:
" This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments.
" There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development.
" Broker will assist Buyer with personal introductions with local zoning and economic development officials.
" Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence.
" 43.9% of McMinn Co employees reside outside of McMinn Co.
" Occupancy in McMinn Co is 95.5% and 98.8 within Athens, TN
" There is limited housing currently available for new industries coming to McMinn County and the current inventory is dated.
" There is potential to "partner" with local employers for master leases for residential units
" The local and state elected officials and governmental agencies will work with Developers.
" McMinn Co ranks higher than the State/Nation in manufacturing wages
Location
State TN
County Mcminn
Area 31.78
Zoning Residential Apartment/Townhouse District
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
Garage No
Building
Lot Description Agricultural, Irregular Lot, Sloped, Wooded
Faces From Chattanooga, north on interstate 75 take exit 49 and turn right on highway 30 East (aka Decatur Pike). At the second traffic light take a right on Congress Parkway then take a right on to Denis Street then left on to Layman Road property on left. Sign On Property
Sewer Public Sewer
Water Public
Additional Building None
Schools
Elementary Schools West Side Elementary
Middle Schools Athens Middle
High Schools Mcminn County
Others
Senior Community No
Tax ID 056 135.01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
