Commercial Acreage 840 HWY 321 and Tom Lee Road Lenoir City TN
Vacant Land
for Sale
| Catylist Listing ID: |
30737833 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
5.90 Acres
|
| Sale Price: |
$1,975,000 |
| Unit Price: |
$334,745 Per Acre |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/23/2023 |
Overview / Comments
|
Total of 3 contiguous parcels. Rolling topography. All utilities are available at the site. +/- 270 front feet on Hwy 321 N. Property includes a 2801 SF newly renovated office building. The office building property can be sold separately for 749K. It is .70 acres. The seller is willing to lease back the office building for 3 years at $6000 per month modified gross. NOI would be $64,379. 8.5% ROI
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Taxing Authority: |
London County |
| Tax ID/APN: |
015 178.00 and 015 191.00 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Excellent |
| Legal Description: |
Tax parcel ID# 015 191.00, and 015 178 |
| Largest Nearby Street: |
Highway 321 N |
| Feet of Frontage: |
271 |
| Traffic/Vehicle Count: |
22,000 |
| Lot Frontage: |
271 |
| Zoning Description: |
Commercial |
| Topography: |
Rolling |
| Easements: |
Pipelines |
| Available Utilities: |
Electric, Water, Gas, Sewer, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,271 |
11,923 |
38,554 |
| Median Age: |
47.97 |
43.31 |
43.54 |
| Households: |
916 |
4,402 |
14,979 |
|
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