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$ 4,999,000
Est. payment /mo
Active
632 Hiwassee Rd Madisonville, TN 37354
16.06 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1324917
Lot Size 16.060 Acres
Acres 16.06
Lot Dimensions 415126
Source East Tennessee REALTORS® MLS
Property Description
Prime Development Opportunity in the Heart of Madisonville
Offered at $4,999,900, this exceptional 16.06± acre tract presents a rare opportunity to acquire a sizable parcel with significant development potential in a highly desirable and growing Madisonville location.
Positioned along Hiwassee Road with approximately 100± feet of road frontage, this property is ideally situated for future residential, mixed-use, or other development possibilities (buyer to verify zoning and intended use). Surrounded by largely unimproved land, the tract offers flexibility, scale, and long-term upside in an area experiencing continued growth and demand.
The value of this offering lies predominantly in the land itself, with its strategic location just minutes from Downtown Madisonville, shopping, schools, and essential amenities. The property also includes any potential mineral rights, further enhancing its investment appeal.
An existing dwelling is included with the sale but is conveyed AS-IS, with no warranties or guarantees, and will not be shown or inspected. The seller believes the highest and best use of the property is redevelopment.
This is a rare opportunity to secure a substantial land holding with strong future potential in a prime Monroe County location.
Offered at $4,999,900, this exceptional 16.06± acre tract presents a rare opportunity to acquire a sizable parcel with significant development potential in a highly desirable and growing Madisonville location.
Positioned along Hiwassee Road with approximately 100± feet of road frontage, this property is ideally situated for future residential, mixed-use, or other development possibilities (buyer to verify zoning and intended use). Surrounded by largely unimproved land, the tract offers flexibility, scale, and long-term upside in an area experiencing continued growth and demand.
The value of this offering lies predominantly in the land itself, with its strategic location just minutes from Downtown Madisonville, shopping, schools, and essential amenities. The property also includes any potential mineral rights, further enhancing its investment appeal.
An existing dwelling is included with the sale but is conveyed AS-IS, with no warranties or guarantees, and will not be shown or inspected. The seller believes the highest and best use of the property is redevelopment.
This is a rare opportunity to secure a substantial land holding with strong future potential in a prime Monroe County location.
Location
State TN
County Monroe County - 33
Area 16.06
Zoning Zoned Residential
Exterior
Topography [object Array]
Improvements Driveway, Utilities on Site
Road Frontage , County
Garage No
Building
Lot Description Rolling, Irregular Lot
Faces Selling for land value Home is being sold as is Do not show without an appointment
Others
Restrictions No
Tax ID 056D A 008.01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by ReMax First
School and business data provided by Attom Data.