Development Opportunity Adjacent to new Knoxville Aldi

Vacant Land for Sale
Catylist Listing ID: 30415965
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 3.86 Acres
Sale Price: $1,200,000
Unit Price: $310,880 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2022

Overview / Comments

This 3.86 acre tract shares cross access and drainage easements with Aldi including ingress and egress points on Millertown Pike and Old Millertown Pike. A significant portion of future detention has been completed by Aldi on the subject property. After easements on the subject property are calculated, the new owner will have approximately 2.35 acres of developable land. Significant infrastructure improvements have been completed by Aldi including drainage, utilities and pavement to the site.

Aldi opened its 22,400 sq. ft. grocery store in October, 2019.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville, Knox Co.
Tax ID/APN: 060HA003
Zoning: C-3
Property Located Between: Millertown Pike, Old Millertown Pike and Loves Creek
Property Visibility: Excellent
Legal Description: Tracey L. Jackson, Trustee
Largest Nearby Street: I-640
Zoning Description: C-3 commercial district is designed for personal and business services and general retail business.
Topography: Gently Sloping
Easements: Electric Lines, Ingress/Egress, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,644 43,031 112,666
Median Age: 44.79 40.82 38.32
Households: 729 18,412 47,900


Photograph of Listing Agent

John Griess CCIM

Holrob KAAR CIE Member
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