561 Grey Acres Lane

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30356029
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Movie Theatre, Post Office, Restaurant, Retail-Pad, Street Retail
Status: Pending/Contingent
Building Status: Proposed
Building Size (RSF): 1,916,640 SF
Gross Building Area: See Agent
Gross Land Area: 44 Acres
Sale Price: $1,540,000
Unit Price: $0.80 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2019

Overview / Comments

Farm land 95% pasture land.
Land lays level to slightly sloped.
Approximately 1,000 feet on west Lamar Alexander Parkway
Across the street from Pellissippi State College

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005055 06700
Retail Clientele: General, Business
Property Located Between: Across the street from Pellissippi State College
Property Visibility: Excellent
Largest Nearby Street: West Larmar Alexander Parkway (Highway 321)
Feet of Frontage: 1,000
Highway Access: Yes, --- fronts directly on Lamar Alexander Parkway (Highway 321)
Airports: McGee Tyson
Site Description: Approximately 44 acres fronting 1,000 feet on West Lamar Alexander Parkway This property is ideal for a commercial shopping complex. Land lays almost level to slightly upward slope. Land is clear and would require little site preparation.
Area Description: This is a mixed use area of businesses such as motorcycle sales, farm equipment sales, car sales, etc. This area includes a college and numerous housing developments.
Tenancy: Multiple Tenants
Property Condition: Excellent
Zoning Description: Residential. Can be rezoned commercial with proper proposal for commercial use.
Lot Frontage: approx. 1,000 feet
Lot Depth: approx. 1,000 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Legal Description: Partial ID/Tax ID. 055 067.00 Land map 055 District/Ward 05

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,205 11,605 38,382
Median Age: 39.78 39.02 41.73
Households: 867 4,526 15,261


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