PERFECT PARCEL FOR DRIVE THRU ON LOVELL ROAD AND I-40/I-75
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30515600 |
| Property Subtypes: |
Retail
|
| Gross Land Area: |
0.88 Acres
|
| Sale Price: |
$1,250,000 |
| Unit Price: |
$1,420,454 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/29/2020 |
Overview / Comments
This is the last vacant parcel on Lovell Road and I-40/I-75. It is a perfect location for a drive thru business. Located in the Turkey Creek retail corridor in West Knoxville. Access is at traffic light. Already graded and ready to go for development. The property also has signage that is visible from I-40/I-75. Adjacent to Bojangles and surrounded by Harley Davidson, Krystal, Subway. Traffic counts on Lovell Road are 39,259 VPD and 140,923 on I-40/I-75. Zoned CB, perfect for QSR or street retail. Deed restrictions on petroleum products and chicken.
Buyer should confirm all measurements.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$3,178 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
131 026 |
| Zoning: |
CB |
| Feet of Frontage: |
204 |
| Traffic/Vehicle Count: |
39,259 |
| Area Description: |
I-40/I-75 to North on Lovell Road, property on the left. |
| Lot Frontage: |
204 |
| Lot Depth: |
180 |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,272 |
40,142 |
107,208 |
| Median Age: |
39.91 |
41.73 |
39.54 |
| Households: |
2,483 |
15,859 |
42,940 |
|
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