Last Parcel 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: 11/13/2019

Overview / Comments

This is the last vacant parcel on Lovell Road and I-40/I-75. 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

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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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