$999,999 SALE
Land -Industrial
193 AC
4061 New Hwy 68
Madisonville, TN 37354 193 +/- acres on New Highway 68, close to Madisonville/Highway 411

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.

Property Type Land -Industrial
Property Use Owner Occupied
Tax Year 2019
Listing ID G7M3BS
MLS ID 29971278
Style Other Style
Lot Size 193 AC
Available Date May 1st, 2016
Taxes $1,198
Area Description

Directions: Take US Hwy 411 S to New Hwy 68, then west one mile.

Area Description: A few old structures are on the property.

Additional Media Area Demographics

Thank you for requesting a property evaluation. A Coldwell Banker Commercial professional will be in touch with you soon.