31.78 Acre Mix-Use Development
For Sale
Contact for pricing
Layman Rd & Dennis St, Athens, TN 37303
Prime land for mixed-use development in Athens, Tennessee.
Property SizeContact for details
Lot Size31.78 Acres
Days on Market1822
Property Features for Layman Rd & Dennis St
General Information
Standard status
Active
Lot size
31.78 Acres
Property subtype
Land
Zoning
B-3 High Density
Listing Agency:
The Raines Group, Inc.
Listed By:
William Raines Jr. · License #18645
Source:
Crexi
Added: Aug 16, 2021
Changed: Aug 8
Last Checked: Aug 8 at 4:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Raines Group, Inc.
Investment Insights
Based on property information with market context.
This 31.78-acre tract presents an opportunity for a mixed-use project, suitable for commercial retail development along the street frontage and multifamily residential development in the rear. The property is located adjacent to a Super Walmart in Athens, Tennessee. The site can be subdivided or combined with an adjacent 25.79-acre tract, creating a total of 57.57 acres. According to a professional multifamily market study conducted by the city of Athens, the area offers numerous retail, banking, public parks, service, and medical facilities. A 200-foot setback along the road frontage is reserved for commercial and retail development. McMinn County has a 95.5% occupancy rate, with Athens, TN, at 98.8%. Limited housing is 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. McMinn County ranks higher than the State/Nation in manufacturing wages.
Key Highlights
- Prime 31.78‑acre tract suitable for a mixed‑use project.
- Located adjacent to a Super Walmart in Athens, TN.
- Opportunity to combine with an adjacent 25.79 AC tract for a total of 57.57 AC.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 37303, TN
25,894
Population
11,460
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
86%
High-School Grad
148.9 sq mi
ZIP Area
174
Density / Sq Mi
$60,874
Median Household Income
$37,996
Median Earnings
$815
Median Rent
$196,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime land for mixed-use development in Athens, Tennessee.
Where is this commercial land located?
The property is located at Layman Rd & Dennis St Athens, TN.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prime 31.78‑acre tract suitable for a mixed‑use project.; Located adjacent to a Super Walmart in Athens, TN.; Opportunity to combine with an adjacent 25.79 AC tract for a total of 57.57 AC.
