High Visibility Site on Oak Ridge Turnpike

Vacant Land for Lease
Catylist Listing ID: 30706518
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1 Acre
Lease Rate: $85,000 (Annual)
$1.95 PSF (Annual)
Base Monthly Rent: $7,083
Lease Types: Ground Lease
Last Updated: 4/19/2021

Overview / Comments

1150 Oak Ridge Turnpike consists of two adjacent lots, totaling approximately one-acre, with an improved 5,600 square foot former restaurant space on one of the lots. The value is in the property and it is being marketed as such. This site fronts Oak Ridge Turnpike and is bordered at the rear of the property by Vermont Avenue, allowing additional points of ingress and egress. In addition, Suntrust Bank borders the western boundary and Los Caballeros Mexican Restaurant is directly to the east. The site is situated in a retail-heavy area and is surrounded by retailers such as Dairy Queen, Jimmy Johns, Food City, Home Federal, Little Ceasars Pizza, Mac's Hometown Pharmacy, and others.

Per the owner's conversations with the City of Oak Ridge, they are open to adjusting the property's entrance to align with the signal light servicing the Food City shopping center directly across the street.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001099E D 03900
Property Visibility: Excellent
Largest Nearby Street: Oak Ridge Turnpike
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,578 26,223 38,421
Median Age: 39.43 42.09 43.04
Households: 3,128 11,492 16,396

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