COMMERCIAL LAND - 1501 & 1509 Callahan Drive

Vacant Land for Sale
Catylist Listing ID: 30048395
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Self Storage
Gross Land Area: 8.96 Acres
Sale Price: $920,000
Unit Price: $102,678 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/29/2020

Overview / Comments

This site consists of 2 Lots. Lot 1501 contains 4.91 acres and 1509 contains 4.05 acres, totaling a combined contiguous 8.96 acres. The property is located perfectly between Interstate 75 and Clinton Highway on Callahan Drive. Both lots are owned by two separate family members, but are being sold together at $102,678 Per Acre OR separate.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville & Knox County
Tax ID/APN: 067 24703 & 067 24705
Property Located Between: I75 & Clinton Highway - Between the Emory Road & Merchants Road Interstate Exits
Property Visibility: Excellent
Legal Description: Lot 1501 is identified as Tax ID: 067 24703 Lot 1509 is identified as Tax ID: 067 24705
Largest Nearby Street: Interstate 75 & Clinton Highway
Feet of Frontage: 280
Highway Access: Interstate 75
Site Description: Most all of the acreage is cleared with a few personal structures and small home standing. The land slopes to the top of a ridge on the back 2 to 3 acres and is wooded.
Area Description: This site is located in one of the fastest population and business growth areas in Knox County and is just outside of the Powell, Karns, Emory Road areas.
Lot Frontage: 280 Feet of Road Frontage on Callahan Drive
Lot Depth: 1,357 Feet on the right facing side & 1,385 Feet on the left facing side
Zoning Description: The bottom 5.2 acres is zoned C-6 The top 3.76 acres is zoned A-1
Topography: Gently Sloping
Easements Description: There are no known permanent easements for either lot. There is a water drain the father allowed from the adjacent lot to 1501 before his passing. However, there is no paperwork the family is aware of concerning this agreement. The adjacent property was foreclosed on several years ago and has changed hands multiple times over the years. We believe this water drain can easily be relocated to the property line or eliminated all together.
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,178 57,962 148,515
Median Age: 37.85 36.48 34.68
Households: 2,102 24,384 59,830


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