Vacant Land for Sale
Catylist Listing ID: 30799049
Property Subtypes: Agricultural, Mobile Home Park, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 16.07 Acres
Sale Price: $275,000
Unit Price: $17,112 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/25/2022

Overview / Comments

Don't miss an excellent opportunity to own this 16.07 acre still-functioning airport hangar/landing strip with 2644 feet of road frontage on Hotchkiss Valley Road in Loudon County. Located directly between Hotchkiss Valley Road and I-75, which sees over 55,000 cars per day. Less than 2 miles off of the Sugar Limb exit and 7 miles from the I-40/I-75 interchange. Airport hangar is in need of some repair, but could easily be restored to its original use. Current zoning is A-2 Rural Residential, but other properties on Hotchkiss Valley Road have a C-2 zoning. Alternative uses include small warehouse, office, contractor's yard, or storage. LCUB gas, water, and power lines run along the parcel. Call today to inquire!

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 05301908800
Zoning: A-2
Property Located Between: Hotchkiss Valley Rd. & I-75
Property Visibility: Good
Legal Description: Parcel ID/Tax ID 019 088.00
Largest Nearby Street: Hotchkiss Valley Rd. & I-75
Feet of Frontage: 2,644
Traffic/Vehicle Count: 5,337
Highway Access: Immediately off Sugar Limb exit with direct access to Interstate 75, with traffic counts of over 50,000/day.
Airports: McGhee Tyson Airport - 28 Miles
Site Description: Headed west on I-75, take the Sugar Limb exit. Take the first right and the second right onto Hotchkiss Valley Rd. Subject property of 16.02 acres will be on the right in approximately 1.8 miles. Gravel road with gate and airplane hangar are visible from the road.
Area Description: Loudon County is a fast-growing area due to its abundance of natural resources, a talented, growing workforce, outdoor recreation options, and a strong manufacturing community. Loudon County is surrounded by five major waterways including the Tennessee River, Fort Loudoun Lake, Melton Hill Lake, Tellico Lake, and Watts Bar Lake, earning it the name Lakeway to the Smokies. Loudon County is a short drive to the Great Smoky Mountains National Park, the nation's most visited national park with over nine million visitors a year. Loudon County is part of the Knoxville MSA region. Some of the major companies with facilities located in Loudon County include Monterey Mushrooms, Malibu, CVS Health, Kimberly Clark, and Wampler's Farm. Loudon County has a cost of living below the National Average and competitive tax incentives that make it attractive for businesses, including one of the country's lowest per capita tax burdens, no income tax on wages, and no state property tax. In Loudon County, one of the incentives typically offered for those who qualify is property tax abatements for Real and Personal property in the form of Payments in Lieu Of Taxes (PILOT).
Lot Frontage: 2644 Feet of Frontage on Hotchkiss Valley Road
Lot Depth: 419 Feet at Widest Point
Zoning Description: 5.042. A-2 Rural Residential District. Please visit http://www.loudoncounty.com/zoning/art5.htm for a list of permitted uses.
Topography: Rolling
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 813 14,203 33,495
Median Age: 39.75 38.01 43.51
Households: 310 5,598 13,543


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