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: |
9/25/2020 |
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 |
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 |
|
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