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8 Acre Parcel, 7K Vpd

Ten Mile, TN 37880

Meigs County, Tennessee

8.17 Acres
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8 Acre Parcel, 7K Vpd : Ten Mile : Meigs County : Tennessee

Land Description

RI Marketplace Online Auction July 22-24, 2024.

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Investment Highlights

±8.17 Acres of Land Adjacent to Dollar General with 7,599 VPD Traffic Counts Passing Nearby

8% Population Growth from 2010-2023 and 3% Future Growth Anticipated (10-Mile radius)

Attractive Demographics with Population of ±23,601 Individuals and Annual Household Income of (10-Mile Radius)

Flexible Zoning for a Variety of Uses & Activities

Absolute Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±8.17-Acre land parcel located adjacent to 9820 Tn-68 E (the “Property”) in Ten Mile, Tennessee. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±8.17-Acre noncontiguous parcel on either side of Tn-305 at the intersection with Tn-68 E. The larger section is adjacent to Dollar General and situated on Tn-68E with traffic counts of ±4,010 vehicles per day and near the intersection of Tn-305 with traffic counts of ±3,589 vehicles per day. The Property benefits from favorable FAR (Forestry, Agricultural, Residential) zoning that allows for a wide variety of uses including mobile home park and single-family dwellings. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

Ten Mile is located in Meigs county, Tennessee near Watts Bar Lake. With access to major routes like State Routes 58 and 304, Ten Mile is conveniently positioned between Knoxville (54 Miles) and Chattanooga (68 Miles). The Property benefits from strong demographics with a population of 23,601 residents and an average household income of within a 10-mile radius. The population has experienced 8.09% growth from 2010-2023 with 3.03% growth expected to continue through 2028.

John Mickey Fowler, Auctioneer

Fisher Auction Company Inc.

License: Alsl466

Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Buyers should exercise their own due diligence when purchasing real estate. AUCTIONFLIP is not a party to any portion of the real estate transaction between a buyer and seller on this site. Contact the seller directly regarding this listing.
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