Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area:
5.19 Acres
Sale Price:
$2,500,000
Unit Price:
$481,695 Per Acre
Land Splits Available:
Yes
Sale Terms:
Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate:
Undisclosed
Last Updated:
3/24/2023
Overview / Comments
Ask for new survey excluding 0.47 acres recently sold. Existing motel structure is now being demolished. Sell, Lease, Joint Venture. Prime Interstate Exit. On I-40/75 frontage road. Great visability on NW quadrant I-40/75 Walker Springs exit. Fronts on Walker Springs Rd and Walbrook Drive. MOTEL, RESTAURANT, OFFICE, FLEX SPACE. NO city taxes, still in County. Approved for 5 story construction over a garage. Can build access road connecting Walbrook and Walker Springs. Too many uses to mention.
"L" shaped two fronts on Walker Springs and Walbrook. Existing old 200 unit Scottish Inns Motel being demolished.
Area Description:
Still in Knox County. No city taxes. In a very convenient location that was within--
1-minute of an I-40 / I-75 interchange
1-minute of National Fitness or Gold’s Gym
2-minutes of Sam's Club and Wal-mart
5-minutes of 6 major brand grocery stores
8-minutes of Turkey Creek shopping complex
5-minutes of 3 motion picture theaters
5-minutes of virtually every make of automobile dealership
5-minutes of 3 of the best hospitals in town
6-minutes of more than 50 restaurants
7-minutes of Northshore at Pellissippi
7-minutes of Pellissippi State Community College
10-minutes of downtown Knoxville
10-minutes of the University of Tennessee
15-minutes of Oak Ridge
15-minutes of the Knoxville Airport
Lot Frontage:
105
Lot Depth:
722
Zoning Description:
Commercial "A"
Development Name:
Walker Springs Park
Topography:
Gently Sloping
Easements:
Utilities
Available Utilities:
Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
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