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.


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.


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

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Demographic Statistics

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


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