Located in the picturesque area of Wartburg, TN, and strategically situated right off HWY 62, this 25-acre parcel of prime land presents an exceptional opportunity for savvy developers and investors. The land, boasting vast expanses of developable terrain, is perfectly poised for a variety of commercial ventures, including a hotel, restaurant, grocery store, or mixed-use development. Given its proximity to major tourist attractions such as the Brushy Mountain State Penitentiary and Frozen Head State Park, the location is a magnet for both local and visiting patrons. This unique blend of natural beauty and historical significance ensures a steady stream of visitors year-round, offering an ideal backdrop for a thriving business hub. The property's easy access to major transportation routes, combined with the allure of surrounding natural landscapes and attractions, makes it a highly desirable spot for development projects aimed at tapping into the tourism and retail markets. Whether looking to build a boutique hotel that caters to adventure-seekers and history buffs, a restaurant that serves as a culinary gateway to the region, or a retail complex that meets the needs of locals and tourists alike, this land offers the flexibility and location to make those visions a reality. In essence, this 25-acre plot is not just land; it's a blank canvas for creating a landmark destination in Wartburg, TN. Its potential for generating significant returns on investment through a well-conceived development project is immense. For investors and developers with a vision to blend commerce with the captivating charm of Tennessee's landscapes and historical sites, this opportunity is unparalleled.
Property Details
Property Features
Listing Office:
Office Name: MR10 Realty
Office Phone: (865) 737-4567
Exterior Features
Exterior Information:
Waterfront: Pond
View: Mountain(s)
Parking Information:
Attached Garage: No
Parking: RV Access/Parking
Lot Features
Lot Information:
Lot: Pond
Lot Size: 24.35 Acres
School Info
Assigned Schools Information:
Wartburg Central High School, Public District Grades 9-12
Wartburg Central Middle School, Public District Grades 6-8
Wartburg Central Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Oak Ridge Hwy to Wintergap Rd to Knoxville Hwy, 14 miles, property on right.
Price Information
Listing Price Info
Price Summary:
List Price: $4,260,000
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MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1205943
Listing Office:
Office Name: MR10 Realty
Office Phone: (865) 737-4567
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Wartburg Central Elementary School
1315 Knoxville Hwy
Distance between this listing and this school1.41 miles
Public District Grades PK-5
Middle School
4
/10
Wartburg Central Middle School
146 Liberty Rd
Distance between this listing and this school0.59 miles
Public District Grades 6-8
High School
4
/10
Wartburg Central High School
1119 Knoxville Hwy
Distance between this listing and this school1.95 miles
Public District Grades 9-12
Assigned Schools
4
/10
Wartburg Central Elementary School
1315 Knoxville Hwy
Distance between this listing and this school1.41 miles
Public District Grades PK-5
Nearby Schools
4
/10
Petros-Joyner Elementary School
125 Petros Joyner School Rd
Distance between this listing and this school5.67 miles
Public District Grades PK-8
6
/10
Bowers Elementary School
120 Breazeale St
Distance between this listing and this school12.33 miles
Public District Grades PK-5
Assigned Schools
4
/10
Wartburg Central Middle School
146 Liberty Rd
Distance between this listing and this school0.59 miles
Public District Grades 6-8
Nearby Schools
5
/10
Harriman Middle School
1025 Cumberland St
Distance between this listing and this school10.85 miles
Public District Grades 6-8
5
/10
Oliver Springs Middle School
317 Roane St
Distance between this listing and this school12.16 miles
Public District Grades 6-8
Assigned Schools
4
/10
Wartburg Central High School
1119 Knoxville Hwy
Distance between this listing and this school1.95 miles
Public District Grades 9-12
Nearby Schools
4
/10
Oakdale School
225 Clifty Creek Rd
Distance between this listing and this school7.94 miles
Public District Grades PK-12
4
/10
Harriman High School
920 N Roane St
Distance between this listing and this school10.78 miles
The neighbors living near this home have an average income of $42,417. Most Morgan County, TN residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1950 Knoxville Hwy
What is the listing price of this property?
The listing price of 1950 Knoxville Hwy property is $4,260,000.
What type of property is this?
The property 1950 Knoxville Hwy is land located in Wartburg, Tennessee, 37887.
Is this property for sale now?
Active Listing: 1950 Knoxville Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1950 Knoxville Hwy are: Wartburg Central Elementary School: GreatSchools Rating 4/10Wartburg Central Middle School: GreatSchools Rating 4/10Wartburg Central High School: GreatSchools Rating 4/10
When was this property sold last time and for how much?
The last sale was on October 28, 2010 for $125,000. (source: MLS/tax record).
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This home is located at 1950 Knoxville Hwy in Wartburg, TN and zip code 37887. This home sits on a 24.35 acre lot. It has been listed on Rocket Homes since September 15, 2022 and is currently priced at $4,260,000.
In March 2024, from all listings sold in Morgan County, TN there were more than 1 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Morgan County, TN decreased by 11.1% between February 2024 and March 2024. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $240,000.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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