Catylist ID:
#30831312
5.39AC on Merchant Dr Knoxville TN
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30831312 |
| Property Subtypes: | Multi-Family, Office, Retail, Retail-Pad |
| Gross Land Area: | 5.39 Acres |
| Sale Price: | $250,000 |
| Unit Price: | $46,382 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/3/2023 |
Overview / Comments
|
This 5.39 acre piece of property is located on Merchant Drive, a highly desirable area that offers convenient access to Interstate 75. The property boasts 205 feet of road frontage, providing excellent visibility for any business. Currently zoned as "Office Park", the property offers a variety of potential uses such as professional offices, medical facilities, or research and development centers. However, with its prime location and ample size, the property could also be rezoned to "Commercial", opening up even more possibilities for development. This would allow for a wider range of businesses such as retail stores, restaurants, or even hotels. The property is located in a bustling area with plenty of established businesses nearby, offering a steady stream of potential customers. Additionally, the area is growing rapidly, making this an excellent opportunity for investors looking to capitalize on the growth potential of the region. Overall, this 5.39 acre property is an exceptional investment opportunity with its ideal location, ample size, and zoning flexibility. It offers the potential for a wide range of commercial uses, making it an attractive option for businesses and investors alike. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 080JB01801 |
| Zoning: | OP |
| Property Located Between: | Clinton Highway and Pleasant Ridge Road |
| Property Visibility: | Excellent |
| Legal Description: | 080JB01801 |
| Largest Nearby Street: | Merchant Drive |
| Feet of Frontage: | 210 |
| Traffic/Vehicle Count: | 9,155 |
| Highway Access: | From property, go east on Merchant Drive, 2 miles to I-75. |
| Airports: | 16 miles to TYS Knoxville's McGhee Tyson Airport |
| Lot Frontage: | 205. feet |
| Lot Depth: | 875 feet |
| Zoning Description: | Currently zoned Office Park. Long term sector plan shows that the front area could be commercial and the hillside in the back could be low density housing. |
| Topography: | Other |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,897 | 66,673 | 186,415 |
| Median Age: | 37.32 | 33.63 | 34.46 |
| Households: | 3,364 | 28,063 | 78,962 |
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