I 40 Exit Offramp Parcel 4.5 Acres Exit 402

Vacant Land for Sale
Catylist Listing ID: 30598396
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 4.52 Acres
Sale Price: $250,000
Unit Price: $55,309 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2020

Overview / Comments

4.52 Acres Located right at the 402 Exit Ramp. This is located on the south side of I 40 at Midway Road. There have been major infrastructure improvements to the area as Knox County prepares for its large industrial development along Thorngrove Pike. Take advantage of this growing submarket and one of the only remaining undeveloped Exits in Knox County. Note this property is contiguous to the neighboring properties that are also being offered for sale for the first time ever!
Assemblage totals almost 70 acres of fee simple land along I 40.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 086 126
Zoning: AGRICULTURAL COULD BE REZONED
Largest Nearby Street: Midway Road & I-40
Feet of Frontage: 309
Highway Access: Immediately at I-40.
Airports: McGhee Tyson
Site Description: Level to rolling site located along the Southwest Ramp of Exit 402 at Midway Road. Property is situated slightly below grade at Midway Road then rolls up from there. Elevated along I 40.
Area Description: Situated at Exit 402 between Strawberry Plains and Exit 407. Knoxville's last undeveloped Interstate Exchange. Midway Road. Property is only 5 miles from Exity 407 Bass Pro Retailers, Knoxville Smoky's and other highly trafficked attractions.
Lot Frontage: 309
Lot Depth: 587
Zoning Description: Currently zoned agriculture but could be rezoned to a variety of commercial designations.
Topography: Rolling
Soil Type: Mixed
Available Utilities: Electric, Water
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,529 22,880
Median Age: 39.9 39.92
Households: 2,922 8,713

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