Layman Road, Athens, TN 37303

Property Description

This 31.78 acre Tract is excellent prime land for a Mix-Use Project with commercial retail along street frontage and an excellent multifamily Development Opportunity in the rear with a view. It is located adjacent to a Super Walmart in Athens TN and can be subdivided or combined with an adjacent 25.79 AC tract for a total of 57.57 AC. The city of Athens has conducted a professional multifamily Market Study which is attached. Numerous retail, banking, public parks, service, medical, etc. are available within the adjacent market area. Brief bullets: • This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments. • There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development. • Broker will assist Buyer with personal introductions with local zoning and economic development officials. • Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence. • 43.9% of McMinn Co employees reside outside of McMinn Co. • Occupancy in McMinn Co is 95.5% and 98.8 within Athens, TN • There is limited housing currently available for new industries coming to McMinn County and the current inventory is dated. • There is potential to ''partner'' with local employers for master leases for residential units • The local and state elected officials and governmental agencies will work with Developers. • McMinn Co ranks higher than the State/Nation in manufacturing wages This 31.78 acre Tract is excellent prime land for a Mix-Use Project with commercial retail along street frontage and an excellent multifamily Development Opportunity in the rear with a view. It is located adjacent to a Super Walmart in Athens TN and can be subdivided or combined with an adjacent 25.79 AC tract for a total of 57.57 AC. The city of Athens has conducted a professional multifamily Market Study which is attached. Numerous retail, banking, public parks, service, medical, etc. are available within the adjacent market area. Brief bullets: " This 31.87 AC Tract can be purchased along with the adjacent 25.79 AC Tract. for a major Mix-Use Project including Commercial, Retail and Residential developments. " There is a 200 Foot Set Back along the road frontage reserved for commercial and retail development. " Broker will assist Buyer with personal introductions with local zoning and economic development officials. " Upon Buyer signing an LOI, Seller will provide existing engineering studies, surveys and pertinent information for expediting due diligence. " 43.9% of McMinn Co employees reside outside of McMinn Co. " Occupancy in McMinn Co is 95.5% and 98.8 within Athens, TN " There is limited housing currently available for new industries coming to McMinn County and the current inventory is dated. " There is potential to "partner" with local employers for master leases for residential units " The local and state elected officials and governmental agencies will work with Developers. " McMinn Co ranks higher than the State/Nation in manufacturing wages