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: |
$994,560 |
| Unit Price: |
$111,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/20/2020 |
Overview / Comments
FAMILY OWNED PROPERTY FOR SALE
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 the per acre price of $111,000.
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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 |
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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