Highway 321 @ I-75

Vacant Land for Sale
Catylist Listing ID: 30148433
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 1.50 Acres
Sale Price: $995,000
Unit Price: $663,333 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2020

Overview / Comments

Great 1.5 acre parcel at the I-75/Highway 321 interchange, with 175' of frontage on Highway 321 and access to a side road for secondary access to Highway 321. Site is perfect for fast-food or sit-down restaurant, hotel, or other retail or service business. Site is visible from southbound I-75 off-ramp and pole sign on the property remains. Owners will consider subdividing into two parcels, but will not allow gas, fireworks, or convenience store.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053015 04800
Zoning Description: 11-412. C-4, Interchange Commercial District. The purpose of this district is to provide for a commercial district relative to the needs which exist in Interstate interchanges, and to control development in order to preserve the integrity and safety of the area. 1. Permitted Uses and Structures a. All uses permitted in the C-2, Central Business District. b. All uses permitted in the C-3, Highway Commercial District. c. Tourist related activities - all those permitted in the C-2 and C-3 districts as well as fireworks sales. 2. Prohibited Uses and Structures 36 Any use or structure not specifically permitted is prohibited. 3. Area Regulations a. Minimum lot width at building line - 50 feet. b. Minimum depth of front yard - 30 feet (the minimum setback requirement shall not apply to overhead canopies (open on four sides) utilized for automotive refueling systems ancillary to service stations, or convenient shops. In no case however, shall said canopies be located within ten (10) feet of any fronting property line. c. Minimum depth of rear yard - 20 feet d. Minimum width of side yards: 1-Story Building. . . . . . . . . . 15 feet 2-Story Building. . . . . . . . . . 20 feet 3-Story Building. . . . . . . . . . 25 feet e. Within the district, building heights may exceed those as provided for in section 11- 311, Maximum Building Height. The maximum building height shall not exceed six stories or seventy feet provided however, the following requirements are met: 1. Setbacks: • front yard. .. 30’ plus .5’ ft. increase for each foot of building height over forty (40) ft • side yard . . 15’ plus .75’ ft. increase for each foot of building height over forty (40) ft • rear yard . . 15’ plus .5’ ft. increase for each foot of building height over forty (40) ft 2. Buffer area: A minimum buffer/landscape area shall be provided along the periphery of the site at a minimum of 2’ for each story of building or for each 10’ of building height, whichever is greater. The buffer area shall be used exclusively for landscaping

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,368 36,828
Median Age: 39.77 41.88
Households: 6,094 14,160
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