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.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Taxing Authority: |
Knox County and Loudon County |
| Tax ID/APN: |
151 00102 and 007 016 |
| Zoning: |
COMMERCIAL |
| 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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
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