Fountain City Development Opportunity

Vacant Land for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30397687
Property Subtypes: Office
Gross Land Area: 0.78 Acres
Sale Price: $795,000
Unit Price: $1,019,230 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Highly sought-after Fountain City location! Fountain City is a highly desirable location for residential and business development due to its proximity to I-640-, I-40, I-75 interchanges, food options and beautiful historic character of nearby homes. It has developed fast, and this is currently one of very few non-developed N Broadway frontage pieces of real estate available. According to TDOT, traffic counts on N Broadway were over 49,000 in 2017! Property will need to be rezoned for a commercial use, and office is believed to be the highest zoning possibly supported by MPC. Contact Listing Agent for more details regarding zoning.


Finance Data Year 2019
Real Estate Taxes - Annual($) $5,321 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058EJ012
Zoning: R-1
Area Description: I-40 E/I-75 N - Use the right 2 lanes to take Exit 385 for Interstate 75 N/Interstate 640 E toward Lexington. Continue onto I-640 E. Use the right 2 lanes to take Exit 6 for Old Broadway/US-441 toward Broadway. Follow US-441 N/N Broadway to Gibbs Dr. Use any lane to turn left onto US-441 N/N Broadway. Property will be on the right after First Watch and American Family Urgent Care.
Topography: Hilly

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,918 67,720 146,453
Median Age: 40.68 38.6 37.3
Households: 2,797 29,719 62,648
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