Harriman, TN 37748,Hwy 27 and I 40 Interchange
Harriman, TN 37748,Hwy 27 and I 40 Interchange
Harriman, TN 37748,Hwy 27 and I 40 Interchange
23
$699,000
$699,000
Est.Price: ?

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158 Acres Lot

Hwy 27 and I 40 Interchange Harriman, TN 37748

Est. payment /mo
SOLD DATE : 04/10/2024

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Key Details

Sold Price $699,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 1255056

Sold Date 04/10/24

Originating Board East Tennessee REALTORS® MLS

Lot Size 158.000 Acres

Acres 158.0

Lot Dimensions 158 acres

Property Description

158 Acres includes: 1.2 acres commercial lot with 240 ft road frontage. . lot has a 50 ft non-exclusive deeded easement across the front of Shoney's parking lot providing excellent access to this property
1.2 acres revenue generating parking lot for Cracker Barrel Restrurant. New lease 9/23 . guaranteed income for 10 years with 4--5 year options. Monthlly rent the first 5 years $2728 for the 2nd 5 years $2728. Lease extension options rent: $3069, $3453, $3884 and $4370 creating a possible 30 year possible cash flow.
156 Acres raw wooded mountainous land. Million dollar views from the top. Could be developed for home sites, ATV recreation, hunting. Was 33% selectively logged leaving paths on the property. A large billboard is available on this property, currently not used.
Zoning Codes: C-2 and O-S
Commercial/Farm
Cracker Barrel is responsible for all maintence and taxes on the parking lot.
Total property taxes 2022..$2237

Location

State TN

County Roane County - 31

Area 158.0

Zoning Zoned Commercial, Zoned Agricultural

Exterior

View Country Setting, Mountain View, Wooded

Topography [object Array]

Road Frontage , City

Garage No

Building

Lot Description Rolling, Wooded, Rolling Slope

Faces Harriman Exit onto Hwy 27 toward Rockwood on the left. Property begins a the lot next to Shoneys.

Others

Restrictions Yes

Tax ID 035-039.00, 035-044.00,035-045.00

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Listed by Mountains to Lakes Real Estate

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Shawndrese Kamin

Agent | License ID: 371025

+1(815) 988-0747

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