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- LoopNet Team
Mountain Crest Dr
Spencer, TN 38585
176 +/- Spencer Mountain Village Development · Land For Sale
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176.00 AC
INVESTMENT HIGHLIGHTS
- Easy Interstate Access
- Untapped Market for Short Term Rentals, Hotels and Resturants
- All Zoning Approved
- Great Mountain Views
- Close to State Park (Fall Creek Falls)
- Sewer, Utility and Water in place
PROPERTY FACTS
DESCRIPTION
This property is part of an overall design that would add private housing, short term rental, restaurant and hotel/event space to the Spencer Mountain area (20 min from Fall Creek Falls). Total of 176+/- acres. Water, Sewer and Electricity has been added in a major portion of the project. Easy access and visibility to Hwy 111, Spencer TN. Great Mountain views from every advantage. All zoning documents, plans and architectural renderings available for review. Buyers can use current plans or built to suit. 67(+/-) acres is zoned residential. 109 (+/-) is zoned commercial. Zoning plans were approved to build 5 (24 unit) condos and several private home sites a hotel and restaurant. Ideal buyer of this property would be interested in developing the land for future use - taking advantage of the already in place public utilities on the mountain.
