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: 11/10/2022

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

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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

Contact

Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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