1990 Oak Ridge Turnpike

Shopping Center for Sale
Also listed as Vacant Land
Catylist Listing ID: 30716766
Property Subtypes: Neighborhood Center, Strip Center
Building Size (RSF): 27,744 SF
Gross Building Area: See Agent
Gross Land Area: 1.92 Acres
Sale Price: $1,365,000
Unit Price: $49.20 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

This property contains a large corner lot of Oak Ridge Turnpike and Louisiana Ave and has multiple points of entry and a traffic signal allowing left and right hand turns into the property.
Formerly a UGO grocery store with several local retailers in a strip center this property has a great potential for another strip center, grocery store, convenient store or gas station along with several other uses. Property is currently zoned B2 and has water, sewer, electric, and gas located on 1.92 acres. Buildings are of little to no value, value is in the land and location. This parcel is located in an opportunity zone and can be combined with multiple other parcels surrounding this property should additional development area be required.
The proposed motorsports park would be located just down the road from this property and values and traffic count are expected to rise significantly, now is the chance to get in on the ground level prior to the boom.
Call for more information and details and dont miss the chance to take advantage of high visibility on one of the busiest streets in Oak Ridge.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Oak Ridge
Tax ID/APN: 105A B 01900
Zoning: B2
Retail Clientele: General, Business
Property Visibility: Excellent
Feet of Frontage: 320
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Lot Frontage: 320
Lot Depth: 255
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Parcel# 105A B 019.00 Lot 433 Commonly known as 1990 Oak Ridge Turnpike Approx 1.92 acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,416 20,275 33,662
Median Age: 36.26 40.77 42.91
Households: 2,275 8,793 14,517

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