Catylist ID:
#30730405
Hard Corner Site - New Food City Development - Oak Ridge Hwy
Vacant Land
for Sale
| Catylist Listing ID: | 30730405 |
| Property Subtypes: | Retail-Pad |
| Gross Land Area: | 1.44 Acres |
| Sale Price: | $1,000,000 Per Acre |
| Total Price: | $1,440,000 |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Last Updated: | 3/6/2023 |
Overview / Comments
|
- Pad Ready Sites with new access roads and traffic signals - Intersection of Oak Ridge Hwy and new 5-lane Schaad Road - 30 acre development anchored by new Food City opening March 2021 - Over 3,046 new homes approved in the trade area - Sites priced per acre, precise acreage to be determined by survey - Off-site detention in place Pad-ready hard corner site in Grassy Creek development, anchored by new Food City grocery store opened March 2021. Food City (KVAT Food Stores) is the 33rd largest grocer in the US with 127 stores and 16,000+ employees across Tennessee, Georgia, Virginia and Kentucky, and sales exceeding $2B. Located at the new intersection of Oak Ridge Hwy and Schaad Road, Oak Ridge Hwy (TN-62) has recently been widened to 5 lanes and connects Karns with Downtown Knoxville. Schaad Road is a new 5 lane ring road to connect I-75 in N. Knoxville with I-40/75 in W. Knoxville, on track for 4Q23 completion. Combined Traffic Count of 52,910 VPD upon 2022 completion of Schaad Road (CDM Smith TIA). Current combined traffic count of 34,410 VPD has been reduced due to road construction. Limited inventory, High growth area with great schools, and over 2,376 new homes approved in the trade area. This is one of the few areas in Knox County with remaining developable land for residential growth. Easy access and visibility via new project roads signalized at Oak Ridge Hwy and the new Schaad Road. Serving the growing Karns community of Knoxville, convenient to employees in the CBD, Pellissippi Technology Corridor, Oak Ridge National Lab/DOE Installation and the University of Tennessee. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Taxing Authority: | Knox County |
| Tax ID/APN: | 079 03305 |
| Zoning: | CA |
| Market Type: | Large |
| Property Located Between: | Schaad Road and Oak Ridge Highway |
| Road Type: | Highway |
| Property Visibility: | Excellent |
| Largest Nearby Street: | TN-62 Oak Ridge Highway/Western Avenue |
| Site Description: | Graded pad sites with utilties and access stubbed in, regional detention pond in place to serve development on these sites. |
| Area Description: | This development site sits high and level and will be delivered pad ready. It will have great visibility from both Schaad and Oak Ridge Highway. |
| Zoning Description: | CA Zoning |
| Development Name: | Grassy Creek |
| Topography: | Level |
| Soil Type: | Mixed |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Broadband |
| Water Service: | Municipal |
| Sewer Type: | Municipal, Storm |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,723 | 51,991 | 143,566 |
| Median Age: | 35.34 | 36.11 | 36.32 |
| Households: | 2,961 | 21,331 | 62,501 |
Contact
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