The Westcott Center - Lot 5

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30559106
Property Subtypes: Retail-Pad
Gross Land Area: 1.13 Acres
Sale Price: $950,000
Unit Price: $840,707 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/4/2020

Overview / Comments

The Westcott Center is home to a 113,531 square foot Kroger Marketplace. This site offers lighted access to both Oak Ridge Turnpike and Illinois Avenue along with additional points of entry on Ivanhoe and Raleigh Roads as well. Multiple outlots available from 1.00 to 2.33 Acres available for sale. Small shop space is also available ranging from 1,400 - 5,900 square feet.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001099K B 04600
Property Located Between: Oak Ridge Turnpike and Illinois Avenue
Property Visibility: Excellent
Largest Nearby Street: Oak Ridge Turnpike
Traffic/Vehicle Count: 27,500
Site Description: Property is anchored by Kroger Marketplace and is located in the NWQ of Illinois Avenue and Oak Ridge Turnpike in Oak Ridge, TN.
Area Description: Oak Ridge, part of the Knoxville MSA, is a suburban city located in Anderson and Roane counties. Oak Ridge was established in 1942 and is most notably known as the Secret City due to it's involvement as a production site for the Manhattan Project— the operation that developed the atomic bomb. As it is still the site of Oak Ridge National Laboratory and Y-12 National Security Complex, scientific development still plays a crucial role in the city's economy and culture in general. Along with Kroger Marketplace, area retailers include JC Penney, Belk, Dick's Sporting Goods, TJ Maxx, Walmart Supercenter, Chick Fil A, Hobby Lobby and many more.
Development Name: The Westcott Center
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,597 25,143 39,372
Median Age: 36.33 41.62 43.23
Households: 2,570 11,045 16,824

Contact

Photograph of Listing Agent

Pepper Bobo

Holrob KAAR CIE Member
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