0 Old Hwy 95, Lenoir City, TN

Others for Sale - $500,000 - 71 acres

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Agent Info

NameJim Simpson
CompanyColdwell Banker Commercial Wallace and W

Property Info

CIMLS #1000872
Location0 Old Hwy 95
Lenoir City TN 37772
Last UpdatedAugust 1st, 2019
Land71 acres
DemographicsView data


Property Description

Approximately 52.5 acres on Old Highway 95 and about platted 80 residential lots on or with access to W. 8th Ave, W. 9th Ave and W. 10th Ave. Some of the streets are not finished, but the right of ways (ROW?s) exist. A City official has said that even though the new subdivision standards for Lenoir City call for a minimum width of 75' for residential lots, these 50' wide lots are already plated, so they would be approved as a non-conforming use. Our understanding is that there is a need for "starter homes" in Lenoir City, so this could be a great opportunity for a developer to fill this need. Total acreage is about 71 acres. Buyer must confirm the size and usability of this property. The 52.5 acres on Old Hwy 95 surrounds the Lenoir City ball park and has two ways of entry/exit on Old Hwy 95.

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