$350,000
$3,900,000
91.0%For more information regarding the value of a property, please contact us for a free consultation.
New Union Road Dayton, TN 37321
767 Acres Lot
Key Details
Sold Price $350,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1245062
Sold Date 08/16/24
Originating Board East Tennessee REALTORS® MLS
Lot Size 767.000 Acres
Acres 767.0
Lot Dimensions 1000
Property Description
Lake Chickamauga Frontage and Views
AFM Real Estate is pleased to present the New Union Tract located in southern Rhea County, TN. The southern boundary of New Union adjoins +/-8,000 feet of TVA Chickamauga Lake frontage. The 767-acre tract has high development potential with over 4,700 feet of double frontage on New Union Road with property located on both sides of the paved frontage. Electricity, water, and telephone are the noted utilities on New Union Road. The gentle topography makes the tract highly accessible and usable.
The tract is subject to Restrictive Covenants, Reservation and Easements set forth in the deeds from the United States of America conveying TVA parcels XCR-177 and XCR-178. These covenants contain certain residential building set back restrictions on 160 acres of the land adjacent to the water. Language in the deed allows for water use facilities, subject to TVA approval. Seller and seller's agent make no representations or guarantees as to any approvals on any applications. Buyers should contact TVA as to any specific information regarding such permits for lake access. Maps can be provided showing approximate setback boundaries.
The property has been owned for decades by a forest products company. The primary use of the land was growing timber for the paper mill in Calhoun Tennessee. The forest cover on the tract ranges from merchantable pine pulpwood to young pine plantations. There is also a significant portion of natural hardwoods. This diverse forest provides natural beauty, recreational opportunities, and income potential for a future owner.
East Tennessee is growing rapidly. New housing is being built in the area near the tract and the local Rhea County Airport is about one mile from the tract. Good county and state roads connect the tract to Dayton, which is 7 miles from the northwest border. Dayton has a wide range of retail opportunities and any necessities of life a resident would require. This tract is less than an hour's drive North of Chattanooga, TN.
Location
State TN
County Rhea County - 42
Area 767.0
Zoning Zoned Agricultural
Exterior
View Country Setting, Mountain View, Seasonal Lake View, Seasonal Mountain, Other, Lake
Topography [object Array]
Improvements Utilities on Site
Road Frontage , Private, County, Paved
Garage No
Building
Lot Description Lake Access, Lakefront, Man-Made Lake, River, Rolling, Waterfront Access, Wooded, Irregular Lot
Faces From the intersection of HWYs 27 and 30 in Dayton TN head east on HWY 30 3.4 miles, turn right on New Union Road 0.8 miles, turn right on New Union Road 3.4 miles and tract is on both sides of the road.
Others
Restrictions No
Tax ID 104 016.00
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