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: |
1 - 6.16 Acres
|
| Sale Price: |
$500,000 Per Acre |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
|
Don't miss the opportunity to own 968 feet of total frontage on Highway 72 N, .25 miles from I-75. 6.16 acres of frontage is being listed separately from the remaining 24.54 acres in the rear of the parcel, but there is the potential for a developer to acquire both parcels for a mixed use development and extend a road 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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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