1030 Congress N Pkwy Athens, TN 37303-1707
This exceptional 2.14-acre commercial land parcel presents a unique investment opportunity. Located in Athens, Tennessee, adjacent to 1030 Congress Parkway N, this fee-simple property boasts approximately 12,834 vehicles per day (VPD) on Congress Parkway, offering excellent visibility and accessibility. The property benefits from its strategic location between Chattanooga and Knoxville, along Interstate 75, a major transportation artery with over 43,000 VPD. Its proximity to established businesses like Dollar General, FedEx, and other national retailers within a dense commercial/logistics node further enhances its appeal. The property is zoned B-1, Intensive Business District, allowing for diverse uses including retail, service, restaurants, manufacturing, office space, and mini-warehouses (subject to review and approval). Strong demographics support this location, with a population of approximately 22,985 residents and an average household income of approximately $63,195 within a 5-mile radius. This property is being offered via an absolute $1 auction with no reserve, presenting a compelling opportunity for developers and investors. The auction will take place November 4-6, 2024. Detailed due diligence documents are available. This prime location, combined with the favorable zoning and high traffic counts, makes this a truly exceptional investment opportunity.
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Western Union Bank Credit Union
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Dollar General Discount Store
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FedEx OnSite Postal Service Courier Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.