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

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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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