Prime Farragut Commercial Vacant Land

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30345265
Property Subtypes: Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Status: Pending/Contingent
Gross Land Area: 5.35 Acres
Sale Price: $1,284,000
Unit Price: $240,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

5.35 acres of vacant land zoned C-1 and R-1 in Knoxville metro, high demographic suburb of Farragut. Approximately 791 feet of frontage on Kingston Pike, Knoxville's primary East/West Boulevard. Over 26,000 daily vehicle count at site, all utilities available, adjacent to Fox Den Golf Club and residential neighborhood. Easy access to I-40/I-75.

Financials

Finance Data Year 2018
Assessed Value - Total($) $97,375 (Annual)
Real Estate Taxes - Annual($) $2,064 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 152 00801
Zoning: C-1 /R-1
Property Located Between: Old Stage and Watt Roads
Property Visibility: Excellent
Largest Nearby Street: Kingston Pike
Traffic/Vehicle Count: 26,000
Highway Access: Access to I-40/I-75 is from Watt Road on West and Campbell Station Road on the East
Airports: Knoxville Tyson
Site Description: Majority of site is wooded pasture land. Topography slopes gently upward from Kingston Pike rising 40+ feet.
Area Description: As of the census [4] of 2000, there were 17,720 people, 6,333 households, and 5,231 families residing in the town. The population density was 1,101.5 people per square mile (425.2/km²). There were 6,628 housing units at an average density of 412.0 per square mile (159.0/km²). The racial makeup of the town was 93.88% White, 1.80% African American, 0.15% Native American, 3.16% Asian, 0.33% from other races, and 0.69% from two or more races. Hispanic or Latino of any race were 1.07% of the population. There were 6,333 households out of which 39.4% had children under the age of 18 living with them, 76.0% were married couples living together, 5.0% had a female householder with no husband present, and 17.4% were non-families. 15.2% of all households were made up of individuals and 5.5% had someone living alone who was 65 years of age or older. The average household size was 2.76 and the average family size was 3.08. In the town, the population was spread out with 26.7% under the age of 18, 5.3% from 18 to 24, 24.4% from 25 to 44, 32.2% from 45 to 64, and 11.4% who were 65 years of age or older. The median age was 42 years. For every 100 females, there were 97.8 males. For every 100 females age 18 and over, there were 94.4 males. The median income for a household in the town was $82,726, and the median income for a family was $91,423. Males had a median income of $70,873 versus $34,955 for females. The per capita income for the town was $35,830. About 2.6% of families and 2.9% of the population were below the poverty line, including 2.9% of those under age 18 and 4.1% of those age 65 or over. According to the 2007 official Census Bureau estimates, median household income and median family income had risen to $94,420 and $108,236 respectively.
Lot Frontage: 791.4
Lot Depth: 724.9
Zoning Description: C-1 Commercial R-1 Residential
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,866 24,473 62,440
Median Age: 45.39 44.91 42.26
Households: 1,388 9,289 23,877
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