R-3 ZONED RESIDENTIAL LAND IN CITY OF LOUDON OFF HWY-72 & I-75

Vacant Land for Sale
Catylist Listing ID: 30811372
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 24.54 - 30.70 Acres
Sale Price: $75,000 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/2/2022

Overview / Comments

See other listing for approximately 6 acres of frontage on this parcel. Rear acreage is zoned R-3 Urban Residential District in the City of Loudon. R-3 zoning allows for single family and multifamily dwellings. Great opportunity for a developer to create a mixed use development with grocery/retail in the front and residential in the back or purchase this site individually while owner identifies a retail user for the frontage. Located only .25 miles from I-75, the parcel spans 968 feet on Hwy-72 and has 276 feet of frontage on Cedar Park Drive. Developer could extend the road from Centre Park Drive on the opposite side of Hwy-72 to provide access to the rear acreage for multiple points of access. City red-light incentives may also be available. There are a variety of fast food restaurants, hotels, and a single family residential development nearby with home prices in the mid to upper $300,000s. Zoned for Loudon County High School.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon
Tax ID/APN: 040 088.00/040 085.01
Zoning: R-3 (URBAN RESIDENTIAL DISTRICT)
Property Located Between: Cedar Park Dr., Queener Rd., and Highway 72 N
Property Visibility: Excellent
Legal Description: Parcel ID/Tax ID 01 040 085.01 (22.740 acres) & 040 088.00 (1.80 acres)
Largest Nearby Street: Highway 72 N
Feet of Frontage: 276
Traffic/Vehicle Count: 12,168
Highway Access: Immediately off Exit 72 of I-75 with traffic counts of 45,000 vehicles per day on I-75 and 12,168 vehicles per day on Hwy 72 N at Queener Rd
Airports: McGhee Tyson Airport - 32 Miles
Site Description: Headed southbound on I-75, take exit 72 for TN-72, turn left onto TN-72-E/Loudon Hwy. Property will be on your left in approx. 0.5 miles.
Area Description: As growth continues to expand in Loudon County down the I-75 corridor, Exit 72 is the next major exit for development past the I-75/Hwy 321 Interchange in Lenoir City.
Lot Frontage: Approx. 276 FT on Cedar Park Drive
Lot Depth: Approx. 1187 FT at Deepest Point
Zoning Description: R-3 Urban Residential in the City of Loudon, PDD rezoning may be a possibility
Topography: Rolling
Easements: Pipelines, Utilities
Easements Description: 50' Colonial Pipeline Easement Near NW Corner of Parcel
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,201 6,768 14,398
Median Age: 37.89 41.99 41.5
Households: 831 2,674 5,559

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.