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DESCRIPTION OF PROPERTY: Have you ever driven along a beautiful river property and dreamed of owning what arguably could be one of the most beautiful properties to ever hit the market. Imagine owning over 10,000 feet on the North Fork of the Holston River with almost half of property in maintained pasture land and the other half rolling ridges with stunning views of the Clinch Mountains. This spectacular estate or development site consists of two parcels, joined by the amazing North Fork of the Holston River. On one side is a stunning 165.71 acre tract with 9,117 feet of frontage on the river. About half is a beautifully maintained pasture and the other half is situated among beautiful woods with ridge top views. The other side of the river consists of a 178 acre tract and is one of the most unique properties you will find with 933 feet of frontage on the North Fork of the Holston River. It fronts on a state maintained paved road and abounds with green rolling pastures and spectacular views of the Clinch Mountains.
Here the river is up to 250 feet wide and has some of the best fishing opportunities in the area. The river is teaming with huge schools of monster carp, bass and a variety of trout. The hunting is no less abundant with deer, wild turkey, grouse, Canadian geese, and a variety of ducks living and breeding on these properties. The North Fork of the Holston River is a canoeing, kayaking and tube floating paradise. Because of the river’s winding path just upstream, you can drive just a short distance away, put in at a bridge and take hours to meander your way back to your own property. The 178 acre parcel has three distinct and very accessible ridges. The views from these ridges are of the spectacular Clinch Mountains and the surrounding landscape. A stunning cliff overlooks a portion of the Northern most ridge with both long range and short range views of the winding river. The 178 acres is available to be split into two separate parcels. Each parcel will have between 80 or 100 acres with direct paved road frontage. Each parcel will have pastures and beautiful ridges with cattle water stations for your livestock.
Both properties are professionally fenced with high tension wire that has the potential to be hot with electricity and pressure treated posts and corners. Both properties are improved with wells, electricity and cattle watering stations and it is ideally suited for cattle farming or other ranch activities. The property has been qualified for a farm exemption and the taxes are less than $600 per year. The property also has a conservation easement on the property running along the river and streams that pays you about $1,500 per year to maintain the fencing. If you do not want this conservation easement, it may be cancelled by paying back a prorate portion of the original conservation payment.
LOCATION: Mendota is situated about 30 minutes from Abingdon Virginia and about 25 minutes from Bristol, VA. Abingdon is the state seat of Virginia and is home to the famous Barter Theater
and the Martha Washington Inn. Bristol is known for the famous Bristol Motor Speedway a spectacular 160,000 seat venue for the nation’s premier racing. Many national airlines are accessible from the Tri-Cities airport (TRI) which is only about 45 minutes from the property. Allegiant Air recently started direct service between Ft. Lauderdale and Orlando/Sanford to TRI for $49 each way.
Mendota is a beautiful rural area with remarkable farms and ranches throughout. Mendota is also about 10 minutes from the famed June Carter family museum and music hall called the Carter Fold. for those die hard country music fans. Every Saturday evening the huge building is packed out to listen to some of the country’s best blue grass and country music.
DEVELOPMENT POTENTIAL: both properties are located in Washington County Virginia. The 178 acres has direct frontage on a state maintained paved road called Federal road and can be developed according to their easy to follow development rules. The minimum size lot requirements are for two acre lots and up. There would no doubt be a great demand for permanent and vacation residential lots and acreage tracts being so close to several big cities, near hospitals the Bristol Motor Speedway and having access and frontage on the Holston River, with spectacular mountain views. The river frontage on the 178 acre this tract would be ideal for a stunning common area for picnicking, boat & tube launching, fishing and just enjoy the fabulous river bank for a swim.
The 165 acre tract is accessed from a state maintained paved road with a gravel road entrance for 2/10 of a mile along Foley Gap road. With all of the direct river frontage (9,117) feet on this side of the river, this land is destined to be one of the most magnificent development tracts or one of the most stunning private estates in the country. The pasture running along the river’s edge is most likely flat enough and long enough for a private airstrip as well. A survey has been completed and is available for review.
Properties may be purchased separately or as a package:
165 acres: $12,500 per acre if purchased separately.
178 acres: $2,900 per acre if purchased separately. This property may be split into approximately an 80 acres tract and 98 acres tracts subject to a new survey
Both properties have recently been reduced in price for a quick sale.
Total 343 acres purchased together for $7,500.00 per acre.
Seller will also consider a long term lease of the property.
A very attractive Seller finance package is available. No bank will be required to buy any of these properties. Seller will customize a finance package to suit the buyer’s needs. Call for complete details. A small down payment with interest only payments is available to a qualified buyer.
For additional information contract Brad T. LaMontagne, Manager LaMontagne Properties LLC. 828-406-2070 828-406-2070