Gateway to Fountain City Highly Visible 4.6 Acre Development Parcel

Retail-Commercial for Sale
Catylist Listing ID: 30792749
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 2,940 SF
Gross Building Area: See Agent
Gross Land Area: 4.60 Acres
Sale Price: $1,499,000
Unit Price: $509.86 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/20/2022

Overview / Comments

Fantastic for development with a multitude of uses. Situated at the most visible point above I-640 and Broadway at the Corner of Greenway Drive in Fountain City with daily traffic counts exceeding 34,000 per day. This highly visible 4.6-acre parcel is 7 minutes from Knoxville's newest Amazon distribution facility. A well-maintained existing office, detached garage and double carport sits on this parcel.
Zoning is C-H.
The C-H Highway Commercial Zoning District is intended
to accommodate higher-intensity commercial uses of a
predominantly auto-oriented character, including retail, rental,
and service establishments of a more intense commercial
character including those requiring permanent outdoor service
or storage areas.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058MD004
Zoning: CH1 HP
Property Visibility: Excellent
Highway Access: Direct to on ramp at I-640.
Site Description: Sloping site w paved driveway access to Greenway drive and N Broadway/ I 640 on ramp
Area Description: Fountain City Highly desirable retail corrdior
Total Number of Buildings: 2
Number of Stories: 1
Interior Description: 1,740 sq ft Office 1,200 sq ft Garage

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,396 71,966 157,605
Median Age: 38.93 37.86 35.87
Households: 3,541 31,936 65,923
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