Developments - Lake Cherokee

How often can you find a single property with 4 miles of lake frontage in the southeast nowadays at a reasonable price? Whether you're an investor, developer or collector, this is a once-in-a-lifetime opportunity. In addition to the amazing amount of lake frontage, the property's topography adds value to every acre—from the lake shore, the property rises to a bluff line that runs the length of the property, meaning that acreage off the lake has stellar views of the lake and surrounding mountains. There are also multiple spots on the property that could accommodate a community marina, making it possible to do a high-end lake development with a mix of homesites with dockage and view sites that share the community lake access. This is one of the last large tracts on the lake, and the development value is proven—a neighboring development to the west is almost entirely sold out.

Soil testing has been done, county water and electricity are available, and the property has roughly 400' of frontage on a county highway.

Whether you're looking for a property to develop today or an investment to hold for future appreciation, this is the ideal property.

• 540 acres on Lake Cherokee near Rogersville, TN. $7.5M
• Approximately 4 MILES of frontage on Lake Cherokee, one of the most pristine lakes in eastern Tennessee
• Approximately 400' of county road frontage
• Selling below recent appraisal of $6.5M
• Ideal for a mid- to high-end lake development, with nearby developments selling lots for $200,000+ per acre
• In hot area; neighboring development is 85% sold
• Property contiguous to the east is for sale at $28,000 per acre
• Approximately 5 minutes to Rogersville, TN, 30 minutes to Morristown TN and 1 hour to Knoxville, TN
• Will consider subdividing property