5539 Town Creek Road is aland property for lease in Lenoir City, TN.
This is a 30.57 acre parcel that is ready to become a subdivision. Some engineering has been done and the property has been surveyed into 60 lots which is the max allowed under the residential zoning. Most have 100' of road frontage which would allow for side entry garages. A copy of the plat is attached to this listing.
The engineer has also provided a cost estimate to develop the property and that estimate is attached as well. The total cost to acquire land and develop property is $1,807,700 or $30,128 per developed lot. I have also attached an ariel photo showing the properties location in relation to Hwy 321 and Interstate 75.
This is an excellent residential location. Hwy 321 has a tremendous amount of new commercial development that will appeal to home buyers. There will be wooded and cleared lots at a cost that allows reasonably priced housing.
Please call for more details.
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