Catylist ID: #30673783
Oak Ridge Hwy Pad Ready Sites - Grassy Creek Development
Vacant Land for Sale
|Catylist Listing ID:||30673783|
|Gross Land Area:||0.64 - 1.84 Acres|
|Sale Price:||$1,000,000 - 1,290,000 Per Acre|
|Land Splits Available:||Yes|
|Sale Terms:||Cash to Seller|
Overview / Comments
- Pad Ready Sites with new access roads and traffic signals (Lots 2, 4 & 11)
- Fronting Oak Ridge Hwy (TN-62), visible to Schaad Road intersection
- 30 acre development anchored by new Food City opened April 2021
- Over 3,100 new homes approved in the trade area
- Access points, utilities and off-site regional detention in place
Pad-ready sites in Grassy Creek development, anchored by new Food City grocery store opened April 2021. Food City (KVAT Food Stores) is the 33rd largest grocer in the US with 127 stores and 16,000+ employees across Tennessee, Georgia, Virginia and Kentucky, and sales exceeding $2B.
Located at the new intersection of Oak Ridge Hwy and Schaad Road, Oak Ridge Hwy (TN-62) has recently been widened to 5 lanes and connects Karns with Downtown Knoxville. Schaad Road is a new 5 lane ring road to connect I-75 in N. Knoxville with I-40/75 in W. Knoxville, on track for 2022 completion.
Combined Traffic Count of 52,910 VPD upon 2022 completion of Schaad Road (CDM Smith TIA). Current combined traffic count of 34,410 VPD has been reduced due to road construction.
Limited inventory, High growth area with great schools, and over 3,100 new homes approved in the trade area. This is one of the few areas in Knox County with remaining developable land for residential growth.
Easy access and visibility via new project roads signalized at Oak Ridge Hwy and the new Schaad Road.
Serving the growing Karns community of Knoxville, convenient to employees in the CBD, Pellissippi Technology Corridor, Oak Ridge National Lab/DOE Installation and the University of Tennessee.
SOLD SUBJECT TO GRASSY CREEK DEVELOPMENT CCR'S INCLUDING TIF-REQUIRED SELLER REPURCHASE RIGHT IF LOTS ARE NOT IMPROVED BY PURCHASER.
Attachments & Media
|Taxing Authority:||Knox County|
|Tax ID/APN:||079 03302|
|Property Located Between:||Schaad Road and Oak Ridge Highway|
|Largest Nearby Street:||TN-62 Oak Ridge Highway/Western Avenue|
|Site Description:||Graded pad sites with utilties and access stubbed in.|
|Area Description:||This development site sits high and level and will be delivered pad ready. It will have great visibility from both Schaad and Oak Ridge Highway.|
|Zoning Description:||CA Zoning|
|Development Name:||Grassy Creek|
|Available Utilities:||Electric, Water, Gas, Sewer, Storm Drain, Broadband|
|Sewer Type:||Municipal, Storm|
|Proximity:||1 mile||3 miles||5 miles|
Brandon ClarkMaddox Property Sales KAAR CIE Member
Steven MaddoxMaddox Property Sales KAAR CIE Member
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