11.5 Acre Development Opportunity - Reduced Price!

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 2126341
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Status: Pending/Contingent
Gross Land Area: 11.50 Acres
Sale Price: $1,200,000
Unit Price: $104,347 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2020

Overview / Comments

This is the LARGEST tract of land on East Broadway! Excellent opportunity to develop into 2 commercial 2.5 acre tracts and a 6 acre residential development. Intersection of Eagleton Rd and E. Broadway has improved with the existing traffic light.

Property has multiple entrances including in the rear off of residential streets. Sewer is available on site. Existing commercial use is car wash, laundromat, and MHP. Future use could be strip centers, affordable housing, church, self storage, pharmacy, restaurants, etc. etc. etc. Property is located directly across from Eagleton ball fields. Approximately 1 mile from Pellissippi Place R&D center.

Build on the 2.5 acres fronting East Broadway, let the current business pay for some of the mortgage, and hold the back 6.5 residentiall acres for development or selling later!

Also, see garage listing adjacent to this property. Owner willing to give a "seriously good deal" so you'll have road frontage directly on Broadway!

Owner also willing to subdivide. See 2.2 acre, 2.4 acre, and 6.8 acre listings.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 037G C 040.00
Market Type: Medium
Property Located Between: Richy Kreme Donuts and Advanced Auto Parts
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,935 32,765 65,886
Median Age: 36.35 39.24 40.1
Households: 2,913 13,189 26,960


Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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