ALCOA HWY/PELLISSIPPI PKWY INTERSECTION ROAD FRONTAGE - 2.6+ AC
|Catylist Listing ID:
Hospitality, Office, Residential (Single Family), Retail, Other
|Gross Land Area:
||$418,250 Per Acre
|In Opportunity Zone?
||Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Overview / Comments
This highly visible property is on Crescent Drive in Alcoa (it has a Louisville address but is annexed into Alcoa City). With almost 3 acres with Alcoa Hwy frontage within .25 miles of the new Amazon fulfillment center on Singleton Station Road, this is a TRULY UNIQUE OPPORTUNITY. TDOT is doing MAJOR road work/improvements, and there will be a red light at Crescent Road plus an access road and turn around area on the street, giving access to Singleton Station (AMAZON) and Alcoa Hwy with an access road that keeps drivers from having to get back onto Alcoa Hwy. Sewer is at the street. There is a mountain view if cleared in the rear of the property. Attached is zoning info and future development and road work plans.
This land is projected to skyrocket over the next 1-3 years with the improvements and highway access and red light onto Crescent that will be in front of the current Doug Justice Auto Sales. TDOT is taking a large amount of the land in this whole area of Alcoa Hwy, leaving very little left for development. Doug Justice Auto is next door to this property. If interested in benefiting on this opportunity, any buyer/investor could purchase and hold the land, lease the land (or a portion of the land), develop into retail, multi-family, hospitality, etc; there is also a livable, residential house on property that could be fixed up and either lived in or sold, but it is not being valued in price. It has a pool and is livable now. There is also potential to divide the land as long as each parcel remains with at least 1 acre. Owner willing to work with buyer on possible business ventures as well!
Attachments & Media
|Largest Nearby Street:
|Feet of Frontage:
||Hwy 129 (Alcoa Hwy); I-140 (Pellissippi Pkwy); Singleton Station;
||Electric, Water, Sewer, Cable, Internet Access
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.