OUTLET DRIVE

Vacant Land for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30216132
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 9.11 Acres
Sale Price: $3,115,975
Unit Price: $342,038 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2022

Overview / Comments

Strategically located to benefit from adjacent development. Vacant Land on Outlet Drive zoned Outlet Drive Regional Entertainment and Employment District (OD-RE/E) with Interstate 40/75 visibility. 9.11 (approximate) vacant acres fronting daily traffic count of 112,156 (TDOT 2013). Immediately across interstate from Turkey Creek Regional Shopping Center, 212 stores. Five-mile radius 4,882 households with average income of $100K to $124K.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,545 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County/Farragut
Tax ID/APN: 130 176.01
Zoning: OUTLET DRIVE REGIONAL ENTERTAINMENT AND EMPLOYMENT DISTRICT OD-RE/E
Property Located Between: North Cedar Bluff and North Campbell Station Road
Property Visibility: Excellent
Largest Nearby Street: Interstates 40/75
Feet of Frontage: 489
Traffic/Vehicle Count: 112,156
Highway Access: Property is approximately half way between on/off ramps to I-40/I-75
Airports: Knoxville Tyson
Site Description: Strategically located to benefit from adjacent development. 9.11 undeveloped and unimproved acres of brush and small trees bisected by Outlet Drive on north, fronting Interstate I-40/I-75 on south. All utilities available at the site.
Area Description: In City of Farragut jurisdiction, Outlet Drive is primarily commercial with new construction multi-unit residential nearby. West Knoxville/Farragut yields 4,882 households with average income of $100K to $124K in a five-mile radius of the property and a total population of 102,202. Turkey Creek Regional Shopping Center – 212 stores are across the interstate from the location, 212. I-40 W to Campbell Station Exit. Turn right onto Campbell Station Rd to right onto Outlet Dr. Property is on the right.
Lot Frontage: 489
Lot Depth: 775.7
Zoning Description: R-2 currently proposed for rezoning to Outlet Drive Regional Entertainment and Employment District (OD-REÆ) . This district would account for the unique characteristics of the Outlet Drive corridor and establish provisions that would accommodate a regional recreational and entertainment facility and other regional and tourist-oriented uses.
Topography: Gently Sloping
Easements: Other
Easements Description: Drainage
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,341 36,335 85,713
Median Age: 39.46 42.1 40.81
Households: 2,080 14,413 33,744
© 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.