Development Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30611942
Property Subtypes: Industrial, Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 69.59 Acres
Sale Price: $870,000
Unit Price: $12,501 Per Acre
Sale Terms: Cash to Seller
Short Sale/Bank-Owned: Yes
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

69.59 acres including 634 feet of highway frontage along the west side of Hwy 321 and 745 feet along the south side of Manis Rd. The property is gently rolling to rolling and mostly wooded. The Property is located within the City limits of Lenoir City, TN.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $318 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053009 00800
Zoning: R-2 & R-4
Property Visibility: Excellent
Feet of Frontage: 634
Site Description: Located on west side of Hwy 321 between I-75 & I-40 next to the LCUB power substation.
Area Description: Loudon County/Lenoir City Tennessee is among the fastest growing communities in the State. Located within a day's drive of 75% of the nation's population, its numerous waterways and scenic beauty partner beautifully with the area's heritage and culture to provide exceptional quality of life for its residents. Hwy 321, Exit 81 is the "Fastest Way to the Smokies" with annual tourist visitations exceeding ten (10) million annually. Good access to labor pools within and surrounding the County, an abundance of low-cost electricity, a diverse mix of commercial, service and industrial entities combined with cooperative governments, provide a positive economic climate for business.
Lot Frontage: 634
Topography: Gently Sloping
Easements: Electric Lines
Easements Description: Cleared power line easement on front side of property.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 765 3,380 20,068
Median Age: 45.99 45.95 40.65
Households: 302 1,340 8,064
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