1950 Knoxville Hwy Wartburg, TN $ 4,260,000
1950 Knoxville Hwy
$ 4,260,000
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1950 Knoxville Hwy

Wartburg, TN, 37887
$ 4,260,000
Baths0.0

Monthly Estimate*

$ 29,757

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Studio

Lots and Land for sale in Wartburg, TN

for $4,260,000. The lot size is 24.35.

Located in the picturesque area of Wartburg, TN, and strategically situated right off HWY 62, this 25-acre parcel of prime land presents an exceptional opportunity for savvy developers and investors. The land, boasting vast expanses of developable terrain, is perfectly poised for a variety of commercial ventures, including a hotel, restaurant, grocery store, or mixed-use development. Given its proximity to major tourist attractions such as the Brushy Mountain State Penitentiary and Frozen Head State Park, the location is a magnet for both local and visiting patrons. This unique blend of natural beauty and historical significance ensures a steady stream of visitors year-round, offering an ideal backdrop for a thriving business hub. The property's easy access to major transportation routes, combined with the allure of surrounding natural landscapes and attractions, makes it a highly desirable spot for development projects aimed at tapping into the tourism and retail markets. Whether looking to build a boutique hotel that caters to adventure-seekers and history buffs, a restaurant that serves as a culinary gateway to the region, or a retail complex that meets the needs of locals and tourists alike, this land offers the flexibility and location to make those visions a reality. In essence, this 25-acre plot is not just land; it's a blank canvas for creating a landmark destination in Wartburg, TN. Its potential for generating significant returns on investment through a well-conceived development project is immense. For investors and developers with a vision to blend commerce with the captivating charm of Tennessee's landscapes and historical sites, this opportunity is unparalleled.

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Lots and Land Active

Price

$ 4,260,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

24.35

Town/City

Wartburg

County/Region

Morgan

MLS | Web ID

1205943

Features
Exterior
Parking Features RV Access/Parking
Lot Features Pond
Lot Size Area 24.35
Spa N
Lot Dimensions 0x0x0
Lot Size Acres 24.35
Lot Size Units Acres
Lot Size Source Tax Records
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
View Mountain View
Topography {u'Partially Cleared': True u'Level': True}
County Morgan County - 35
Property Type Lots & Acreage
Attached Garage N
Garage Y/N N
Status Active
Directions Oak Ridge Hwy to Wintergap Rd to Knoxville Hwy 14 miles property on right.
City Wartburg
Buyer Agent Compensation 3.0000
View Y/N N
Zoning Description None Zoned Residential Zoned Agricultural
MLS Area Morgan County - 35
Lot Size Square Feet 1060686.0
Carport Y/N N
Street Name Knoxville
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Morgan County - 35
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Buyer Agent Compensation Type %
Senior Community None
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Interior
Basement (Y/N) N
Street Suffix Hwy
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1950
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* Excluded Features
List By
Martha Riordan

Listing Agent

Mr10 Realty

Broker

Affordability Calculator

$29,757
Per Month
100%
0%
0%
Monthly Principal & Interest
$29,757
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/9/2024$4,260,000 -0.12% Price Down
11/27/2023$4,265,000 -0.23% Price Down
10/11/2023$4,275,000 -0.58% Price Down
8/24/2023$4,300,000 -4.44% Price Down
6/26/2023$4,500,000 -10.00% Price Down
1/19/2023$5,000,000 -28.57% Price Down
9/15/2022$7,000,000 Listed Price

Map


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1950 Knoxville Hwy, Wartburg, TN, 37887 is a Lots and Land for sale at $4,260,000 with a lot size of 24.35. 1950 Knoxville Hwy is a studio with 0.0 baths. The property's zip code is 37887 which is in Wartburg, TN