Commercial Land For Sale, Watt Road Exit

Vacant Land for Sale
Catylist Listing ID: 30839752
Property Subtypes: Hospitality, Retail, Retail-Pad, Self Storage
Gross Land Area: 13.50 Acres
Sale Price: $1,575,000
Unit Price: $116,666 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

The parcel includes high-quality roadbed, recently deeded to Hubbs Land Management by Knox County. Busiest Truckstop Exit in America! Comprises 2 parcels, and includes a commercial-grade 2-lane roadbed between them for access to artery=N Watt Road. Located along the west side of N Watt Road immediately south of the I-40/I-75 Exit 369 interchange. It features frontage along Watt Road and rolling wooded topography. Each sub-parcel is commercial zoned/utilities available to accommodate a number of general business and manufacturing uses. Next to TA Travelcenter and Petro truckstops Over 100,000 AVPD on I-40 here and about 12,000 AVPD on Watt Road here. The site is irregular in shape. See aerial photos The undeveloped land parcels include a commercial quality 2-lane roadbed that goes with the property (deeded in June 2022). The land has never been developed, and lies up on a ridge in full view of the nearby I-40/I-75 interstate interchange. Its neighbors are three of the large truckstops that all truckers will recognize: Petro, Flying J, and TA Travelcenter.

The topography of the site is gently rolling and wooded. The site is at road grade at the northern portion of the tract and rises to approximately 20 ft. above road grade at the southern boundary.

Water, electricity, and phone utilities are available to the property in what should be adequate quality and quantity to serve the highest and best use of the site. Sewer is available nearby, FUD pump station capacity upgrade in progress (into a pump station located on the north side of Petro Truckstop and pumped up the hill(south) to a gravity line). In addition to this site’s vacant Watt Road frontage, it also has extensive frontage along Old Watt Road, an unpaved road that encircles the remaining sides of this parcel. A power line easement may affect this site.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Knox County and Loudon County
Tax ID/APN: 151 00102 and 007 016
Property Located Between: Exit 369
Property Visibility: Excellent
Largest Nearby Street: Watt Road
Traffic/Vehicle Count: 12,000
Site Description: 2 contiguous properties totaling 13.50 ac
Topography: Gently Sloping
Easements: Electric Lines
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,738 16,968 45,920
Median Age: 42.14 44.35 43.39
Households: 818 6,401 17,505


Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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