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Listed by Norman Thomas McDonald • New Castle Realty
$ 2,569,000
Est. payment | /mo
57.1 Acres Lot
$ 2,569,000
Est. payment | /mo
57.1 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision R03
MLS Listing ID 2619120
HOA Y/N No
Annual Tax Amount $174
Lot Size 57.100 Acres
Acres 57.1
Property Description
**57.1 ACRES – PRIME DEVELOPMENT OPPORTUNITY IN CROSSVILLE, TN!** Conveniently located near I-40 (Exit #317), N. Main Street/Hwy 127, with approximately 470 feet of road frontage on Northside Drive! Excellent potential for commercial, retail, industrial, medical, residential, multifamily, distribution, or mixed-use development, subject to applicable approvals. Bring your vision to this exceptional 57.1-acre tract!
**MAJOR ROADWAY EXPANSION APPROVED!** The SR 462 Northwest Connector Phase 2 project is planned to expand the Northside Drive corridor to five lanes, connecting Hwy 70 N and Hwy 127 N, with sidewalks, bicycle lanes, and related infrastructure improvements. Supported by approximately $21 million in approved project funding, this significant public infrastructure investment creates an exciting opportunity for investors and developers. Construction is not yet complete, and project plans and timelines are subject to change.
**MULTIFAMILY HOUSING INVESTMENT POTENTIAL!** The Northside Drive area is shown within a highest-priority **4-out-of-4 area** on Tennessee's 2027 Qualified Allocation Plan (QAP) Regional Housing Needs Siting Model, within the Rural Balance-of-State competitive pool. This designation may be of particular interest to developers considering affordable multifamily housing and Low-Income Housing Tax Credit financing. Buyers are encouraged to review the Tennessee Housing Development Agency's official QAP map and verify parcel-specific eligibility and program requirements.
Crossville is known as the **Golf Capital of Tennessee** and offers a local airport, convenient access to I-40, and proximity to Knoxville (approximately 70 miles) and Nashville (approximately 114 miles). Buyer to verify utilities, roadway access, permitted uses, development approvals, and all other information relevant to intended use.
**MAJOR ROADWAY EXPANSION APPROVED!** The SR 462 Northwest Connector Phase 2 project is planned to expand the Northside Drive corridor to five lanes, connecting Hwy 70 N and Hwy 127 N, with sidewalks, bicycle lanes, and related infrastructure improvements. Supported by approximately $21 million in approved project funding, this significant public infrastructure investment creates an exciting opportunity for investors and developers. Construction is not yet complete, and project plans and timelines are subject to change.
**MULTIFAMILY HOUSING INVESTMENT POTENTIAL!** The Northside Drive area is shown within a highest-priority **4-out-of-4 area** on Tennessee's 2027 Qualified Allocation Plan (QAP) Regional Housing Needs Siting Model, within the Rural Balance-of-State competitive pool. This designation may be of particular interest to developers considering affordable multifamily housing and Low-Income Housing Tax Credit financing. Buyers are encouraged to review the Tennessee Housing Development Agency's official QAP map and verify parcel-specific eligibility and program requirements.
Crossville is known as the **Golf Capital of Tennessee** and offers a local airport, convenient access to I-40, and proximity to Knoxville (approximately 70 miles) and Nashville (approximately 114 miles). Buyer to verify utilities, roadway access, permitted uses, development approvals, and all other information relevant to intended use.
Location
State TN
County Cumberland County
Zoning None
Interior
Fireplace N
Exterior
View Y/N true
View River
Private Pool false
Building
Lot Description Level, Rolling Slope
Sewer None
Water Other
Schools
Elementary Schools Glenn Martin Elementary
Middle Schools Crab Orchard Elementary
High Schools Stone Memorial High School
Others
Senior Community false
Special Listing Condition Standard
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