Development Site at Oak Ridge Highway & Schaad Road

Vacant Land for Sale
Catylist Listing ID: 29899202
Property Subtypes: Retail-Pad
Gross Land Area: 18 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2018

Overview / Comments

18 acres of a 25 acre development at the intersection of Oak Ridge Highway and Schaad Road. The location is the only developable corner at the intersection of Oak Ridge Highway/Western Ave (TN 62) and the newly extended Schaad Road.

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.

Combined 2012 traffic count of 34,918 VPD during construction time frame. This count will increase when road widening is completed later this year. Great access and visibility to both throughfares. 45,759 in the trade area, with 68.9% family househoulds.

Schaad Road is a quickly developing corridor that will be a primary route linking North Knoxville and I-75 with West Knoxville, Hardin Valley and I-40. Oak Ridge Highway/Western Avenue is in the process of being widened to 4-lanes and is a major arterial connecting Downtown Knoxville and West Knoxville neighborhoods with Oak Ridge and its associated employers. Schaad Road is major arterial that is being widened to 4-lanes and extended to link I-75 and Clinton Highway (US 25N) with I-40 and Hardin Valley via Lovell Road and Middlebrook Pike.

WILL DEVELOP, SELL, LEASE OR BUILD-TO-SUIT

• Oak Ridge Hwy/Western Avenue (TN-62) - Links Oak Ridge to West Knoxville, Downtown
• Schaad/Callahan/Lovell Road (TN-131) - New 5-lane linking I-40 and I-75
• Corner site, graded to suit, all utilities in place
• High residential growth area, new schools

Additional Details

Nearest MSA: Athens
County: Knox
Property Located Between: Schaad Road and Oak Ridge Highway
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.
Soil Type: Mixed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,723 49,556 135,619
Median Age: 35.34 36.08 36.6
Households: 2,961 20,208 58,731

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