Highway 321 Retail Land

Vacant Land for Sale
Catylist Listing ID: 30376936
Property Subtypes: Retail
Gross Land Area: 1.70 Acres
Sale Price: $1,500,000
Unit Price: $882,352 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

2.6 to 6 acres are available as part of a tremendous retail redevelopment opportunity directly across from the 87,000 SF Fort Loudoun Medical Center, serving the entirety of Loudon County including the many retirement communities along the lake. This property sits at the center of an area of retail development headlined by Wal-Mart, Home Depot, and Food City, along with numerous smaller retailers, restaurants, and financial institutions. This corner lot represents one of the last development opportunities on the West (Lake-going) side of Highway 321 within a mile of I-75. 29,000 cars pass by daily on their way to and from Tellico Village, Rarity Bay, Windriver, and the rest of Fort Loudoun Lake's numerous recreational opportunities, as well as the Great Smoky Mountains beyond. Seller will also consider Ground Lease.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053015 07400

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,673 16,444 36,505
Median Age: 38.26 39.01 42.16
Households: 1,535 6,473 14,056

Contact

Photograph of Listing Agent

Dan Adkins

Avison Young KAAR CIE Member
Photograph of Listing Agent

Luke Adkins

Avison Young KAAR CIE Member
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