Schaad Road Retail Land

Vacant Land for Sale
Catylist Listing ID: 30680691
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 2.69 Acres
Sale Price: $740,000
Unit Price: $275,092 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

Great vacant retail land in the path of growth. The property is located on the North East corner of Schaad Rd. and Johnson Rd. with gently rolling topography. The intersection is the planned location of a new traffic signal as well as widening of Johnson Rd. There are currently two curb cuts on the approximately 430 feet of frontage on Schaad Rd. and one curb cut on Johnson Rd. The Schaad Rd extension will connect I-75 at Callahan Dr. to I-40 at Lovell Rd. in West Knoxville. The anticipated completion of the Schaad Rd extension is 2022 with an estimated 18,000+ cars per day once it is completed.

There is currently a 3 BR & 2 Bath, 1,296 sf house on the property that is leased month to month for $1,000.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 092 01201
Zoning: CN
Property Visibility: Excellent
Largest Nearby Street: Schaad Rd.
Site Description: Gently Rolling
Zoning Description: Neighborhood Commercial
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,952 54,380 138,051
Median Age: 33.24 36.07 36.85
Households: 2,183 22,444 59,827

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