Sherrill Boulevard Land

Vacant Land for Sale
Catylist Listing ID: 30620045
Property Subtypes: Hospitality, Industrial, Office, Retail
Gross Land Area: 4 - 11.18 Acres
Sale Price: $250,000 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

Excellent opportunity to acquire fee simple land in thriving corporate and medical corridor with visibility from I-40/75 and 181,000 cars per day. Property sits at shared entrance to golf course and Discovery Inc.’s state of the art Operations Headquarters. Major economic driver of the immediate area is Covenant Health’s Parkwest Medical Center which finished $99 million expansion in 2019 within view of site.

Northwest Knox County is the fastest growing area in East Tennessee with the Hardin Valley submarket booming north of this site. Sherrill Boulevard is a prime traffic connection between Cedar Bluff Road and Pellissippi Parkway (I-140) which connects Oak Ridge National Lab and Y-12 National Security Complex to the north to McGhee Tyson Airport and Blount County in the south. Beyond the major hospital expansion the area touts other new development in recent years such as Century Park VII and Parkside Business Center in the Office Market and a Kroger, Main Event and Duluth Trading in Retail.

Property is within a mile from Lincoln Memorial University’s Medical School and South College’s various medical programs. The University of Tennessee’s flagship campus boasting 26,000+ students is an easy drive to the east while Pellissippi State’s workforce development program is north two exits in Hardin Valley.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 131 10401
Zoning: OP WITH TO
Property Visibility: Excellent
Traffic/Vehicle Count: 181,000
Highway Access: Visible from I-40/75
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,941 57,004 133,688
Median Age: 45.73 38.65 38.71
Households: 1,537 23,732 54,732

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