I-81 Interchange Property at Exit 12

Vacant Land for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30395378
Property Subtypes: Hospitality, Retail, Other
Gross Land Area: 10.65 Acres
Sale Price: $330,000
Unit Price: $30,985 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2021

Overview / Comments

Many opportunities exist for the development of these 10.65+/- acres at Exit 12 of I-81 in Hamblen County. Adjacent to the Property is a Phillips 66 convenience store. Currently zoned A-1 (agriculture), the possibility exists for a rezoning to a use such as hospitality, truck stop or any other use that would benefit from the convenience being located at an interstate interchange and having interstate visibility.

NOTES:

Sewer is within 800' of the Property at Old Low Land Road.

There is a 40' X 15' piece of property for a bill board sign owned by others not included.

An older dwelling is on the property with no value.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $408.29 (Annual)

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 051 084.00, 051 087.03
Zoning: A-1
Area Description: From I-40, north on I-81 to Exit 12, right onto Enka Highway (Hwy 160) to the property on the right-hand side (just past and adjacent to the Phillips 66 convenience store).
Topography: Rolling
Easements: Other

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,906 29,018
Median Age: 41.42 37.97
Households: 3,528 11,379

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.