Property Listing No Longer Available for Sale

4061 New Hwy 68, Madisonville, TN

Land for Sale - $999,999 - 193 acres


Property Info

CIMLS#1035743
Location
  4061 New Hwy 68
  Madisonville TN 37354
UpdatedJuly 8th, 2021
TypeLand
Price$999,999
Land193 acres

Property Description

Incredible location, county taxes and no zoning. 193 +/- acres located in Monroe County, less than 1 mile to the city of Madisonville and Highway 411. Acreage is split on both sides of New Highway 68, 53 acres on one side and 140 acres on the other, acreage is approximate, there is no survey. A brick home built around 1900 that needs a ground up restoration or scrape, old barn and outbuildings. Small creek, two small farmer's ponds and a small TVA easement on the 53-acre side. Property is in greenbelt.

The 140-acre side has 4 large clearings with the rest being wooded. There is a small “Farm” lease active that contains a 90-day out or right to harvest clause that would, if wanted, remove the tenant. TVA has an easement on the 411 side of the property.

Uses could be endless with this large acreage tract holding some timber, proximity to I-75, Highway 11, Highway 411 and thousands of feet of road frontage on both sides of the road.

Property can be purchased separately:

53-acre side - $395,000.00. Property can possibly be split.

140-acre side - $700,000.00. This side is divisible into tracts that would run from the highway straight back to the rear property line. Property can possibly split.

All information within deemed reliable but not guaranteed, buyer will need to verify information.


Financials