I-40 / Hwy 321 Interchange Tract
Vacant Land
for Sale
| Catylist Listing ID: |
30197463 |
| Property Subtypes: |
Hospitality, Retail, Retail-Pad, Self Storage, Other
|
| Gross Land Area: |
10.10 Acres
|
| Sale Price: |
$1,995,000 |
| Unit Price: |
$197,524 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/16/2023 |
Overview / Comments
|
Great I-40 interchange site on westbound side of I-40 at Exit 364 in Lenoir City, where ADT is 42,000 vehicles per day. Hwy 321/95 is a major corridor to Oak Ridge and Lenoir City, with traffic counts of 7,450 north of I-40 and 9,850 south of I-40. A new Love's /McDonald travel center has recently opened on the south side of I-40, with a hotel planned for the near future. Exit 364 is the first exit west of Knoxville, after the I-40/I-75 split, providing a perfect location for fast food restaurants, hotels convenience stores and other travel-related commercial uses. Property is zoned C-3 Highway Commercial in Lenoir City which allows a wide variety of Highway oriented commercial uses.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Tax ID/APN: |
053002 08400 |
| Zoning: |
C-3 HIGHWAY COMMERCIAL |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
765 |
3,380 |
13,921 |
| Median Age: |
45.99 |
45.95 |
44.27 |
| Households: |
302 |
1,340 |
5,746 |
|
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