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    553 Hwy Athens, TN 37303

    For Sale
    $854,000

    4.88 Acres, I-75 Proximity, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 4.88-acre property, located at 553 Hwy 30W in Athens, Tennessee, presents a significant development opportunity. Situated near I-75 Exit 49, this land boasts convenient access to major transportation routes. The property is zoned for residential use and offers considerable potential for various commercial and industrial ventures. The asking price is $854,000, translating to $175,000 per acre. An existing home on the property is considered livable but holds no assigned value in the sale. This sale is for the land itself, with the potential for expansion. The seller also owns an additional 32+ acres adjacent to this parcel, and neighboring properties are also available for purchase. Further details regarding sewer installation and adjacent properties can be obtained. The property's parcel number (APN) is 046 181.00. This prime location makes it ideal for multi-family housing, restaurants, banks, hotels, or other businesses. Serious inquiries only.

    Property Features for 553 Hwy

    General Information

    Property type
    Land
    Lot Size
    212,573 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.65650358
    Latitude
    35.46980501

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    FAQs

    What type of property is this?
    Land - 4.88 Acres, I-75 Proximity, Development Potential
    Where is this land located?
    The property is located at 553 Hwy Athens, TN.
    What is the asking price?
    The asking price for this property is $854,000.
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    553 Hwy Athens, TN 37303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    553 Hwy Athens, TN 37303
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