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Hwy 27 and I 40 Interchange Harriman, TN 37748
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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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