Small Business Lot with Frontage on Magnolia

Vacant Land for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30763877
Property Subtypes: Office, Retail
Gross Land Area: 0.20 Acres
Sale Price: $99,000
Unit Price: $495,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

This level lot is ready for development. With its C-G-1 zoning, it is the perfect site for a small business who is ready to take themselves to the next level be it—a warehouse, retail store, shop or office. Traffic Count is 10,935 daily giving good visibility to the public for this location. Convenient to Downtown, the Old City and 1.18 miles from the proposed Smokies Stadium.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $125.75 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082OD029
Zoning: C-G-1
Feet of Frontage: 49
Traffic/Vehicle Count: 10,935
Area Description: Take Exit 389 for Hall of Fame Dr toward US-441 N/Broadway. Keep right at the fork, follow signs for US-11/Magnolia Ave and merge onto Hall of Fame Dr. Turn left onto E Magnolia Ave. Continue onto E Magnolia Ave for 1 mile. Lot is on the left next right past N Olive St intersection. Parking is on the street.
Lot Frontage: 49
Lot Depth: 178
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,924 76,119 148,182
Median Age: 35.85 33.51 34.98
Households: 5,396 31,041 62,925
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