Level acreage with unfinished building on Hwy. 11 near Loudon
Retail-Commercial
for Sale
| Catylist Listing ID: |
30834679 |
| Property Subtypes: |
Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Vehicle Related
|
| Building Size (RSF): |
4,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
4 Acres
|
| Sale Price: |
$445,000 |
| Unit Price: |
$111.25 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/8/2023 |
Overview / Comments
|
With a daily traffic count of over 5,400 vehicles (data from 2021) and 1+ acre graveled lot, this property is perfect for an agribusiness like a nursery, farm stand or even a auto/truck lay yard. The seller is currently using this as a truck/trailer yard but this was formally used as a plant/tree nursery and has a 4,000 square foot metal pole-barn style building, complete with a large set of rolling doors and a raised "stage" area. There is a total of 300' of road frontage on Lee highway/11 and is located one mile from Highway 72 so you are less than 3 miles to interstate 75. Utilities available: municipal water, electricity, septic, hard-wire internet. The utilities in the large building are outdated and would need to be repaired before use so this is being marketed as "unfinished space". Metal Quonset hut and the small shed by the road conveys with sale. Caboose and equipment does NOT convey. Two 8'x40' shipping containers are negotiable. Buyer to verify all information. *I have intermingled current pictures and pictures from last year when it was vacant to show what it will look like when cleared out. Contact Joshua Christian for more details.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Taxing Authority: |
Loudon county |
| Tax ID/APN: |
05304810500 |
| Zoning: |
A-2 |
| Retail Clientele: |
General, Family, Other |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Lee Highway/Highway 11 |
| Feet of Frontage: |
300 |
| Traffic/Vehicle Count: |
5,493 |
| Highway Access: |
Highway 72 |
| Airports: |
McGhee Tyson Airport - 38 miles |
| Site Description: |
- 4 level acres with 1+ acre graveled
- 4,000 unfinished building space
- water, electric, septic, internet availability
- located less than 3 miles to interstate 75 and one mile to Hwy. 72
- Daily traffic count of 5,493 vehicles (old data from 2021, has increased over the last two years) |
| Area Description: |
Loudon is a small county town that is growing exponentially. The traffic count on Lee highway/11 increased over 25% since 2021, showing tremendous growth in the area surrounding the property. The area is commercially and residentially expanding due to the increased availability of jobs being brought in by national and world-wide distribution and manufacturing companies. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
2011 |
| Roof Type: |
Gable |
| Construction/Siding: |
Metal Siding, Steel Frame, Wood Frame, Wood Siding |
| Exterior Description: |
Red metal and wood |
| Parking Type: |
Surface |
| Parking Description: |
Over 1+ acre graveled lot. Land lays well to expand this and create a full, wrap around lot for truck turnaround. |
| Sprinklers: |
None |
| Heat Type: |
Other |
| Heat Source: |
Other |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
Majority of building is unfinished. On the office side, there is a wood burning fireplace, full bathroom and raised office area. Utilities are outdated and would need to be repaired to use them in the large building. |
| Zoning Description: |
A-2 with Loudon county |
| Lot Frontage: |
300' |
| Lot Depth: |
600' |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
| Land Ownership: |
Owned |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,335 |
15,958 |
| Median Age: |
40.88 |
42.44 |
| Households: |
3,197 |
6,140 |
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