1.20 Acres Commercial Lot - Western Ave

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30859444
Property Subtypes: Office, Retail, Retail-Pad, Self Storage
Status: Pending
Gross Land Area: 1.20 Acres
Sale Price: $250,000
Unit Price: $208,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2023

Overview / Comments

1.2-acre level commercial lot for sale. Excellent visibility with 149' frontage on Western Ave. Easily developed with all utilities available (See attachments).

Within the city with C-G-1 Zoning which allows QSR, Retail, Office, Multifamily, Veterinarian, Day Care, Car wash, Tattoo and more. Since located between a KUB Substation and a self-storage facility zoned I-MU, rezoning to I-MU seems plausible. See Allowed Uses Matrix by Zoning Code along with Buyer DD Docs using this link: https://www.dropbox.com/scl/fo/8e9tvgv0jjahcf7xnwa3x/h?rlkey=86sdfmj7xk7kqk69a8p7xco4n&dl=0.

Location: Just NW of the Cumberland Estates strip center (Planet Fitness, Dollar General, Auto Zone and more.) 0.5 miles NW of Walmart Neighborhood Market at McKamey Rd. 1.5 miles SE of Schaad Rd.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 079MA035
Zoning: C-G-1
Property Located Between: I-640 & Oak Ridge Hwy
Property Visibility: Excellent
Largest Nearby Street: Western Ave
Feet of Frontage: 149
Traffic/Vehicle Count: 23,406
Airports: TYS
Site Description: Mostly level lot, cleared.
Area Description: Retail corridor with strong traffic
Lot Frontage: 149
Lot Depth: 400
Zoning Description: General Commercial
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,658 58,296 173,899
Median Age: 36.82 34.34 35.16
Households: 2,375 25,268 73,403


Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC ETNRCRE Member
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