I-81 Interchange Property at Exit 12

Vacant Land for Sale
Also listed as Hospitality
Catylist Listing ID: 30403536
Property Subtypes: Hospitality, Residential (Single Family), Other
Gross Land Area: 4 Acres
Sale Price: $95,000
Unit Price: $23,750 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2021

Overview / Comments

Long interstate frontage leading back to the main part of the property. This 4-acre tract is adjacent to a 10.65-acre tract that is currently on the market for $330,000. Currently zoned A-1 (agriculture), the possibility exists for a rezoning to a use such as hospitality, truck stop, freight terminal, or any other use that would benefit from the convenience of being located at an interstate interchange and having interstate visibility.

Note: Sewer is available approximately 1,550 feet away at Old Lowland Road.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $174.66 (Annual)

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 051 087.02
Zoning: A-1
Area Description: From 1-40, to north onto I-81 to Exit 12, right onto Enka Highway (Highway 160) to the property immediately on the right before the Phillips 66 convenient store.
Topography: Gently Sloping

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,906 29,018
Median Age: 41.42 37.97
Households: 3,528 11,379

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