3904 Hotchkiss Valley Road

Vacant Land for Sale
Catylist Listing ID: 30775363
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Office, Retail, Self Storage, Vacation/Resort, Other
Gross Land Area: 118.58 Acres
Sale Price: $12,000 Per Acre
Total Price: $1,422,960
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 12/23/2021

Overview / Comments

Don't miss an excellent opportunity to own a large 118.58 acre parcel with over 942 FT of road frontage on Hotchkiss Valley Road in Loudon County. Additional 1860 feet of road frontage along Piney Grove Providence Road. 1.57 of total acreage is located between Hotchkiss Valley Rd & I-75 on-ramp. First time on the market in 17 years! Located immediately behind I-75, which sees over 55,000 cars per day. Less than 1 mile off of the Sugar Limb exit. 9 miles from the I-40/I-75 interchange. Currently zoned Agricultural but would make an excellent site for a distribution/package facility with the county's strong manufacturing presence. Other possible uses include farming, a solar farm, or a campground with rezoning. Water has been brought to site and sewer can be brought to site (priced accordingly). Seller has a second parcel of 108 acres less than 1 mile away with an additional 1200 feet of road frontage, which can be sold together or separately. Owner financing is available on this parcel. Seller is currently working with utility boards to bring sewer to the property as well as potential rezoning. 8-inch waterline already to site serviced by WBUD. Call today to inquire!

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 05302403200
Zoning: A-1
Property Located Between: Hotchkiss Valley Rd/I-75/Hwy 324
Property Visibility: Good
Legal Description: 05 028 028 00200 000
Largest Nearby Street: Hotchkiss Valley Rd/I-75
Feet of Frontage: 942
Traffic/Vehicle Count: 5,337
Highway Access: Immediately off Sugar Limb exit with direct access to Interstate 75, with traffic counts of over 50,000/day.
Airports: Cox Farm Airport - 1 Mile; Big T Airport - 5 Miles; McGhee Tyson Airport - 25 Miles
Site Description: Headed west on I-75, take the Sugar Limb exit. Take the first right onto Sugarlimb Rd and the next left onto Hotchkiss Valley Rd E. Subject property of 118.58 acres is immediately to the right. Partially wooded parcel that receives ample sunlight due to its natural slope. Property has been tilled for soybean crop that was planted and will be harvested.
Area Description: Loudon County is a fast-growing area due to its abundance of natural resources, a talented, growing workforce, outdoor recreation options, and a strong manufacturing community. Loudon County is surrounded by five major waterways including the Tennessee River, Fort Loudoun Lake, Melton Hill Lake, Tellico Lake, and Watts Bar Lake, earning it the name Lakeway to the Smokies. Loudon County is a short drive to the Great Smoky Mountains National Park, the nation's most visited national park with over nine million visitors a year. Loudon County is part of the Knoxville MSA region. Some of the major companies with facilities located in Loudon County include Monterey Mushrooms, Malibu, CVS Health, Kimberly Clark, and Wampler's Farm. Loudon County has a cost of living below the National Average and competitive tax incentives that make it attractive for businesses, including one of the country's lowest per capita tax burdens, no income tax on wages, and no state property tax. In Loudon County, one of the incentives typically offered for those who qualify is property tax abatements for Real and Personal property in the form of Payments in Lieu Of Taxes (PILOT).
Lot Frontage: 942 FT
Lot Depth: 4172
Zoning Description: Agricultural
Topography: Gently Sloping
Easements: Pipelines, Other
Easements Description: Colonial pipeline gas easement is on the property as well as an AT&T easement, both are depicted on the survey.
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,731 22,779
Median Age: 43.3 40.89
Households: 3,489 9,032

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