Office Building and Vacant Land For Sale, Lease or Lease Purchase

Vacant Land for Sale
Also listed as Office
Catylist Listing ID: 29975371
Property Subtypes: Office, Other
Gross Land Area: 1.81 Acres
Sale Price: $399,000
Unit Price: $220,441 Per Acre
Ceiling: 8 ft.
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/2/2017

Overview / Comments

JUST REDUCED $50,000.00

1.81 ACRES IN HEART OF FARRAGUT- ZONED OFFICE (O-1)
Great Farragut location with nearby Farragut Chamber of Commerce building on busy 5-lane Kingston Pike surrounded by medical, professional offices and retail businesses.

This is an exceptional opportunity to own one of the few remaining parcels of this size in the Town of Farragut business district. This property has easy access to Kingston Pike with it's high traffic count and is surrounded by business supporting neighborhoods and office zoning is already in place.

Develop the property and build office or medical condos on this level 1.81 acre site which could possibly allow for a Bldg Footprint of approx 12,000 square feet and total Building Square Footage of approx 18,000 plus 75 parking spaces. These are possible options. Buyer should consult Town of Farragut for all future development options.

This site is slightly elevated with great curb appeal and appears to be economical to build on. An investment opportunity exists as the property also has a one level structure that can be used as income producing revenue until property is developed.

Call Michael Bates for additional information at 865-924-6244

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 152CJ025
Zoning: 0-1
Market Type: Medium
Property Located Between: Kingston Pike and Federal Boulevard
Side of Street: Southwest
Road Type: Paved
Property Visibility: Excellent
Legal Description: 11824 Kingston Pike Knoxville, TN 37934-3836 Parcel/TaxID 152CJ025
Largest Nearby Street: Kingston Pike
Feet of Frontage: 255
Transportation: Highway
Highway Access: State Highway 70 (Kingston Pike) and Federal Boulevard. Two accesses on either side of Clayton Bank
Airports: McGhee Tyson
Site Description: Beautiful slightly elevated property- very level. Ideally suited for medical or office condos with 0-1 zoning in place
Area Description: Popular high-traffic area of Town of Farragut with nearby medical, Clayton Bank, West Knox/Farragut Chamber of Commerce and new Ingles Superstore across the street. Nearby neighborhoods are excellent client base.
Lot Frontage: 255.10
Lot Depth: IRR
Zoning Description: 0-1
Development Name: office/ office condos/medical bldg
Topography: Level
Easements: Ingress/Egress
Easements Description: Town of Farragut 0-1 Zoning
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,085 32,452 73,114
Median Age: 46.22 42.87 42.38
Households: 3,141 12,359 28,222

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