2635 Decatur PikeAthens, TN 37303

Property Details for 2635 Decatur Pike

Year built

1988

Lot size

1.30 AC

Property size (Sq ft)

3,755 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Drive through restaurants

APN

054046 25000

APU

5404625000

Description

This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Athens, Tennessee. Strategically located at I-75 exit 49 and Decatur Pike, the property boasts unparalleled visibility from the interstate, benefiting from approximately 41,537 vehicles daily on I-75 and 19,859 on Decatur Pike. Zoned B3-Intensive Business District, the site allows for a wide range of commercial uses, mirroring the existing mix of hotels, restaurants, and retail establishments in the immediate vicinity. While a creek traverses the property, approximately 1.0 to 1.5 acres remain buildable outside the floodway. Access is convenient via Decatur Pike and a shared road with a Burger King. Existing trees on the site would require removal for development. This prime location offers significant potential for developers seeking to capitalize on the high traffic counts and strong commercial activity in the Athens area, situated midway between Chattanooga and Knoxville. The City of Athens has a population of approximately 14,000, with the greater Athens area boasting a population of around 25,000. The asking price is $155,000, representing a price per acre of $97,826. The property is owned by Hometown Real Estate, LLC and is offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,167,472

  6.5%

  $1,077,667

  7%

  $1,000,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,541,363

  Geo Method

  $1,845,775

• Alternative Use

  Use

  Valuation

  Residential

  $909,052

  Hospitality

  $832,687

  Educational

  $692,786

  Medical

  $716,612

  Retail

  $1,077,667

Location Insight

City

Athens

County

Mcminn

State

Tennessee

Latitude

35.4641

Longitude

-84.6468

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].