$3,200,000

This beautiful land property consists of about 100.4 acres, located 1.5 miles North of I-40 (Exit 407) and East of Snyder Road, spanning 4 adjacent lots in Sevier County and Jefferson County. The property, more or less unimproved, has approximately 530 feet of Snyder Road frontage. The property includes partially a +/- 3.5-acre creek fed pond with flat, rolling, and mountainous topography. All individual lots, both in Sevier County and Jefferson County, are currently zoned A-1 Agriculture and Forestry. In Sevier County this allows for residential development, including cabin resort development. Multi-family and commercial development will require rezoning. The Federal Tax Cuts and Jobs Act of 2017 established opportunity zones. The Sevier County tract is located in one of the county's two designated Opportunity Zones. The opportunity zone overlay can be seen on the listing website's interactive map. The nearby market area has shown a considerable increase of investment activities, including multi-family housing developments and major land acquisitions. Utility water is available on Snyder Road. Utility sewer is not available at this location. The property is entirely outside the FEMA flood zone.