Listed by TCI Group – Jerry Petzoldt Agency LLC
$1,350,000
1029 Over Mountain Drive Development Site
Details
Property Type Retail, Hospitality
Sub Type Commercial, Hotel
Price per SqFt $11
Price Per Acre $473,684
Acreage 2.850
Ground Lease No
Sale Condition For sale by owner
Prime 2.85 Acre Commercial Site – Ideal Hotel Development!
Marketing description
Prime 2.85 Acre Commercial Site – Ideal Hotel Development! Don’t miss this rare opportunity to acquire one of the last vacant developable parcels in Elizabethton’s established retail and restaurant district.
Investment highlights
- Cleared and ready for development, this corner site sits directly on Over Mountain Drive and Militia Court adjacent to Walmart.
- Environmental Phase 1 and Phase 2 are complete including Can testing. All Soils tests are also completed.
- An area feasibility study shows a clear need for hospitality supporting a 92-room hotel and other related uses.
- City leaders are in full support of development with engineering complete for traffic infrastructure changes and upgrades.
- Direct exposure to heavy daily traffic on West Elk Avenue, the major traffic route in Elizabethton.
- Surrounded by dense commercial activity next to Walmart, Ultimate Shine car wash, Applebee’s, Bojangles, Captain Ds and various other national brands.
- NO branded hotels exist in the vicinity, there’s a strong indicator of sustained demand for hospitality and supporting uses.
- Vacant, developable land of this size is scarce in this established corridor — creating a unique window for hotel, medical, or mixed commercial projects
- This site offers immediate development without the delays or concerns common in brownfield areas.
- Tennessee is widely recognized for its business-friendly tax environment and Elizabethton offers a combination of low operational costs, a specialized workforce, and a highly supportive local government. Discover the potential of this booming area of East Tennessee!
Listing Contacts
Listed by TCI Group – Jerry Petzoldt Agency LLC
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