Catylist ID:
#30850128
Concord Road near S. Northshore Dr Round About Intersection
Vacant Land
for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
| Catylist Listing ID: | 30850128 |
| Property Subtypes: | Retail |
| Status: | Pending/Contingent |
| Gross Land Area: | 15,120 SF |
| Sale Price: | $502,000 |
| Unit Price: | $33.20 PSF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/29/2023 |
Overview / Comments
|
This is a corner lot of approximately 15,120 SF according to Knox County records. Concord Road was recently improved to a four-lane divided highway to accommodate rapidly growing traffic volumes resulting from nearby commercial and residential development. The lot has a view of Lake Loudon, a preferred urban residential amenity in Knoxville and is close to a major marina, boat launches and waterside parks. There is a two-story approximately 4,152 SF retail/residential building which will convey with the property. Agent or his designee must be present for all showings. Do not disturb occupants. |
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $1,559 (Annual) |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 153 039 |
| Zoning: | CA |
| Feet of Frontage: | 96 |
| Site Description: | Land slopes down from intersection of Lake Ridge Dr and Concord Rd towards railroad tracks and Lake Loudon. Current use demonstrates functionality of the property for retail use. Concord Rd is primary connected to Town of Farragut and Interstate I-40 and I-75. Though located in Knox County jurisdiction, the site is immediately adjacent to Farragut, Concord and West Knoxville. These communities house the highest average household incomes for Knoxville. Farragut is currently growing at a rate of 3.51% annually and its population has increased by 10.89% since the last census. The average household income in Farragut is $136,366. The average annual household income in Concord is $156,300. |
| Area Description: | Exit I-40 West at Campbell Station Rd. Travel south on Campbell Station Rd crossing Kingston Pike and proceeding south onto Concord Rd. Property is on the left approximately 5 miles after exiting I-40. Existing business signage for C&C Outdoors. |
| Lot Frontage: | 96 |
| Lot Depth: | 315 |
| Topography: | Other |
| Easements Description: | Rights of the Southern Railway in and to any portion of the subject property lying within the bounds of its right-a-way, to include charter rights claimed or asserted by said railroad. |
| Available Utilities: | Cable |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,766 | 37,856 | 86,805 |
| Median Age: | 42.44 | 42.65 | 40.79 |
| Households: | 1,914 | 14,385 | 34,331 |
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