Commercial Land Potential

Vacant Land for Sale
Catylist Listing ID: 30473201
Property Subtypes: Agricultural, Industrial, Multi-Family, Office, Residential (Single Family), Self Storage
Gross Land Area: 8.50 - 29 Acres
Sale Price: $40,000 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

This property consists of approximately 8.5± acres of property located on the Northeastern quadrant of the I-40 and the Midway Road at the Midway Exit in Knoxville. The property is located off of the first exit in Knox County off of I-40 if you are traveling west. The property has 673 feet of frontage on Thorn Grove Pike and Rosebud Lane. The property currently has access from both roads. The easy access from I-40 and general layout of the property lends itself perfectly to a warehouse distribution, transportation related facility, or housing development. The property is directly across the street from the new MIDWAY BUSINESS PARK, with additional location advantages, such as direct access to the interstate and being in proximity to a Tennessee Valley Authority electrical switching station and a Knoxville Utilities Board electrical in-feed and substation.
McGhee Tyson Airport (TYS) & Downtown Island Airport (DKX),

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: COUNTY KNOX
Tax ID/APN: 074 11004
Zoning: SFR/COMMERCIAL
Property Located Between: Northeastern quadrant of the I-40 and the Midway Road at the Midway Exit in Knoxville.
Property Visibility: Excellent
Legal Description: COU 074 110 79046
Largest Nearby Street: Thorngrove Pike
Feet of Frontage: 673
Traffic/Vehicle Count: 389
Highway Access: Interstate 40 seconds away
Airports: McGhee Tyson Airport (TYS) & Downtown Island Airport (DKX),
Site Description: Gently Rolling, raw and wooded, possibility of 29+/- acres, with possible 3 homes total.
Area Description: Rural,
Lot Frontage: 673
Lot Depth: Undisclosed
Zoning Description: Multiple zoning options are available. Including commercial, and industrial potential
Development Name: N/A
Topography: Gently Sloping
Easements: Utilities
Easements Description: Typical Utility easement in county.
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,221 7,529 22,929
Median Age: 38.26 39.9 39.89
Households: 846 2,922 8,694

Contact

Photograph of Listing Agent

Allen Hill

Exit Realty Scenic Group Greater Chattanooga REALTORS® Member
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