Hwy 70 Frontage, Roane Medical Proximity

Vacant Land for Sale
Catylist Listing ID: 29733264
Property Subtypes: Office
Gross Land Area: 3.75 Acres
Sale Price: $250,000
Unit Price: $66,666 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2019

Overview / Comments

This property has strong situs, with quick proximity to the new state of the art Roane Medical Center ($71 Million Dollars), the newest hospital in the state as of 2013. Further identifying the progressive upward movement of the Roane County economy and real estate, there sits recently built Lowe's home improvement and Kroger's stores.

This property would be ideal for small multi-family, senior living, house of worship or medical office development. The property currently lies in the greenbelt easement-further development would require county approval and rezoning and utility verification.

• Outstanding Hwy 70 frontage
• Interstate and Roane Medical Center adjacent
• Multiple Ingress/Egress options may be available
• Potential lot splits-$75k per acre or $250k for entirety
• Gently rolling topography rising from the highway with great visibility
• Sewer Adjacent

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 056 064.08
Market Type: Small
Property Located Between: `US Hwy 70 and Midtown Lane
Side of Street: North
Road Type: Highway
Largest Nearby Street: Highway 70
Feet of Frontage: 195
Traffic/Vehicle Count: 9,970
Highway Access: Interstate 40-2.2 miles
Airports: McGhee Tyson-46 minutes-44 miles
Site Description: Rolling pasture with good Hwy 70 frontage and visibility. It is flanked by the side street Midtown Lane, which may offer multiple ingress/egress options. Small multifamily complexes(2) and a church are the adjacent neighbors. 2 miles from New $71 Million Dollar Roane Medical Center, new Lowe's and Kroger Center.
Area Description: This parcel is located 2 miles from the brand new $71 Million Dollar state of the art Roane County Medical Center, the new Lowe's and Kroger's. Just off the Harriman-Midtown Interstate 40 exit, this parcel offers excellent access to new Harriman and Midtown amenities and Oak Ridge/Knoxville. Road frontage and side street proximity may offer multiple ingress/egress options.
Lot Frontage: 195
Lot Depth: 560
Development Name: Midtown-Harriman, Roane Medical Center Proximity
Easements Description: Unknown
Soil Type: Mixed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,414 4,976 18,214
Median Age: 45.89 44.41 44.99
Households: 572 2,028 7,636


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