2 Retail Pad Ready Sites - Benton, TN

Vacant Land for Sale
Catylist Listing ID: 30424190
Property Subtypes: Hospitality, Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 4.42 Acres
Sale Price: $700,000
Unit Price: $158,371 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/14/2019

Overview / Comments

This 4.42 acres can be subdivided or sold as one piece. It is pad ready and adjacent to the IGA Grocery Store in Benton, TN. Benton is northeast of Chattanooga and southwest of Knoxville. Benton is a very popular tourist and outdoor destination because of the close proximity of the Ocoee River and Hiwassee River. The Ocoee River has the best whitewater rafting in the southeast and the Hiwassee is great for fishing and tubing. It is a popular destination for camping and hiking as well.

One (1) acre can be subdivided for $300,000 or 2 acres for $500,000. If a smaller parcel is taken, consideration must be made for access to the remainder parcel. The parcel is flat is above road grade by 2-3 feet. The is already a large curb cut for the IGA Grocery store that can be shared. See survey for further details. There is 700 feet of frontage along Hwy 411.

The IGA is the largest grocery store in town and attracts a lot of traffic already. There are about 8,500 cars a day that travel in front of this parcel now.

Attachments & Media

Additional Details

Nearest MSA: Cleveland
County: Polk
Taxing Authority: Polk County
Tax ID/APN: 045 028.23
Zoning: CH- COMMERCIAL HIGHWAY
Property Located Between: Benton TN Hwy 411 next to IGA
Property Visibility: Excellent
Largest Nearby Street: Hwy 411
Traffic/Vehicle Count: 8,500
Highway Access: Hwy 411 is the main highway heading north and south. The property fronts Hwy 411.
Airports: Cornelius Moore Field
Area Description: Benton is the largest city in Polk County and has 17,000 +/- people. the 5,10,15 minute drive time demographics report shows, 1,738, 5682, and 17,541 people respectively.
Lot Frontage: 700 ft
Zoning Description: Commercial Highway
Topography: Level
Easements: Ingress/Egress
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,846 2,857 4,433
Median Age: 38.93 39.17 40.31
Households: 710 1,101 1,728

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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