HWY-72 & I-75 GROCERY/RESTAURANT/RETAIL/RETAIL-PAD

Vacant Land for Sale
Catylist Listing ID: 30799128
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 6.16 Acres
Sale Price: $500,000 Per Acre
Total Price: $3,080,000
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/25/2022

Overview / Comments

Don't miss the opportunity to own 968 feet of total frontage on Highway 72 N, .25 miles from I-75. Only 6.16 acres remain of this original parcel with the 19.95 acres currently under contract for residential development with plans to put in a new road extending from Centre Park Drive, which will give this site multiple points of access. Possible uses include a grocery store, strip center, or a developer could subdivide the parcel into five (5) retail pads with roughly 285 feet of depth. Currently there is a Burger King, McDonald's, Bojangles, Taco Bell, Hotels, and Gas Stations already located off the exit. Owner will consider grading and subdividing the parcels prior to sale.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon
Tax ID/APN: 05304008501
Zoning: C-4
Property Located Between: Cedar Park Dr., Queener Rd., and Highway 72 N
Property Visibility: Excellent
Legal Description: Parcel ID/Tax ID 01 040 085.01 (6.16 acres)
Largest Nearby Street: Highway 72 N
Feet of Frontage: 968
Traffic/Vehicle Count: 11,231
Highway Access: Immediately off Exit 72 of I-75 with traffic counts of 45,000 vehicles per day on I-75 and 11,231 vehicles per day on Hwy 72 N at Queener Rd
Airports: McGhee Tyson Airport - 32 Miles
Site Description: Headed southbound on I-75, take exit 72 for TN-72, turn left onto TN-72-E/Loudon Hwy. Property will be on your left in approx. 0.5 miles.
Area Description: As growth continues to expand in Loudon County down the I-75 corridor, Exit 72 is the next major exit for development past the I-75/Hwy 321 Interchange in Lenoir City.
Lot Frontage: 968 FT ON HWY 72 N
Lot Depth: 285-289 FT
Zoning Description: C-4 Zoning
Topography: Rolling
Easements: Pipelines, Utilities
Easements Description: 30' Plantation Pipeline Easement through SE corner of the property; 20' Waterline Easement through front of the property.
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,201 6,768 14,398
Median Age: 37.89 41.99 41.5
Households: 831 2,674 5,559

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