Vacant Land for Sale
Catylist Listing ID: 30770318
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Office, Retail, Self Storage, Vacation/Resort, Other
Gross Land Area: 108 Acres
Sale Price: $12,000 Per Acre
Total Price: $1,296,000
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/25/2022

Overview / Comments

Don't miss an excellent opportunity to own a large 108 acre parcel with over 1200 FT of road frontage on Hotchkiss Valley Road in Loudon County. First time on the market in 17 years! Located immediately behind I-75, which sees over 55,000 cars per day. Less than 1 mile off of the Sugar Limb exit. 9 miles from the I-40/I-75 interchange. Currently zoned Agricultural but would make an excellent site for a distribution/package facility with the county's strong manufacturing presence. Other possible uses include farming, a solar farm, or a campground with rezoning. Water has been brought to site (serviced by WBUD) and sewer can be brought to site (priced accordingly). Seller has a second parcel of 117 acres less than 1 mile away with an additional 942 feet of road frontage, which can be sold together or separately. Call today to inquire!

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 05301911800
Zoning: A-1
Property Located Between: Hotchkiss Valley Rd/I-75/Hwy 324
Property Visibility: Good
Legal Description: 05 021 021 04000 000
Largest Nearby Street: Hotchkiss Valley Rd/I-75
Feet of Frontage: 1,236
Traffic/Vehicle Count: 5,337
Highway Access: Immediately off Sugar Limb exit with direct access to Interstate 75, with traffic counts of over 50,000/day.
Airports: Cox Farm Airport - 1 Mile; Big T Airport - 5 Miles; McGhee Tyson Airport - 25 Miles
Site Description: Headed west on I-75, take the Sugar Limb exit. Take the first right and the second right onto Hotchkiss Valley Rd. Subject property of 108 acres is immediately to the left. Partially wooded parcel with rolling hills. Two ponds are located on the property as well as a small barn of minimal value.
Area Description: Loudon County is a fast-growing area due to its abundance of natural resources, a talented, growing workforce, outdoor recreation options, and a strong manufacturing community. Loudon County is surrounded by five major waterways including the Tennessee River, Fort Loudoun Lake, Melton Hill Lake, Tellico Lake, and Watts Bar Lake, earning it the name Lakeway to the Smokies. Loudon County is a short drive to the Great Smoky Mountains National Park, the nation's most visited national park with over nine million visitors a year. Loudon County is part of the Knoxville MSA region. Some of the major companies with facilities located in Loudon County include Monterey Mushrooms, Malibu, CVS Health, Kimberly Clark, and Wampler's Farm. Loudon County has a cost of living below the National Average and competitive tax incentives that make it attractive for businesses, including one of the country's lowest per capita tax burdens, no income tax on wages, and no state property tax. In Loudon County, one of the incentives typically offered for those who qualify is property tax abatements for Real and Personal property in the form of Payments in Lieu Of Taxes (PILOT).
Lot Frontage: 1236 FT
Lot Depth: 3204 FT
Zoning Description: Agricultural
Topography: Rolling
Easements: Other
Easements Description: AT&T has an easement on the property and there is a colonial gas pipeline easement. Both are depicted on the survey.
Available Utilities: Electric, Water, Internet Access
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,363 25,915
Median Age: 42.73 42.56
Households: 2,936 10,459


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