Property summary
This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Athens, Tennessee. Strategically located at I-75 exit 49 and Decatur Pike, the property boasts unparalleled visibility from the interstate, benefiting from approximately 41,537 vehicles daily on I-75 and 19,859 on Decatur Pike. Zoned B3-Intensive Business District, the site allows for a wide range of commercial uses, mirroring the existing mix of hotels, restaurants, and retail establishments in the immediate vicinity. While a creek traverses the property, approximately 1.0 to 1.5 acres remain buildable outside the floodway. Access is convenient via Decatur Pike and a shared road with a Burger King. Existing trees on the site would require removal for development. This prime location offers significant potential for developers seeking to capitalize on the high traffic counts and strong commercial activity in the Athens area, situated midway between Chattanooga and Knoxville. The City of Athens has a population of approximately 14,000, with the greater Athens area boasting a population of around 25,000. The asking price is $155,000, representing a price per acre of $97,826. The property is owned by Hometown Real Estate, LLC and is offered for sale by owner.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-4 · Athens, TNZoning
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Zoning designation
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