Walker Springs Land Pads (Restaurant, Motel, Office Bldg)
Vacant Land
for Sale
| Catylist Listing ID: |
30625168 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
|
| Gross Land Area: |
5.16 Acres
|
| Sale Price: |
$2,500,000 |
| Unit Price: |
$484,496 Per Acre |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller, Owner Financing, Build-to-Suit, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/31/2023 |
Overview / Comments
Sell, Lease, Joint Venture. Prime Interstate Exit. On I-40/75 frontage road. Great Visability on NW quadrant I40/75 Walker Springs exit. Fronts on Walker Springs Rd and Walbrook Drive. Existing master plan: MOTEL + RESTAURANT + OFFICE CONDO still makes sense (Ask to discuss). 2 sided Billboard and permitted pylon sign on property. NO city taxes, still in County. Approved for 5 story construction over a garage. Access road connecting Walbrook and Walker Springs. Too many uses to mention. Owner will divide.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Taxing Authority: |
Knox County |
| Tax ID/APN: |
119LA00301 |
| Zoning: |
C A |
| Market Type: |
Large |
| Property Located Between: |
Walker Springs Rd and Walbrook Dr |
| Side of Street: |
Northwest |
| Road Type: |
Paved, Highway Interchange |
| Property Visibility: |
Excellent |
| Legal Description: |
Book 2229, page 375 |
| Largest Nearby Street: |
Walker Springs |
| Feet of Frontage: |
375 |
| Traffic/Vehicle Count: |
180,000 |
| Transportation: |
Bus, Highway, Taxi, Other |
| Highway Access: |
1 minute to either direction on I-40/75 |
| Airports: |
15 min to TYS |
| Site Description: |
"L" shaped two fronts on Walker Springs and Walbrook. Existing old 200 unit Scottish Inns Motel now demolished |
| Area Description: |
Still in Knox County. No city taxes. In a very convenient location that was within--
1-minute of an I-40 / I-75 interchange
1-minute of National Fitness or Gold’s Gym
2-minutes of Sam's Club and Wal-mart
5-minutes of 6 major brand grocery stores
8-minutes of Turkey Creek shopping complex
5-minutes of 3 motion picture theaters
5-minutes of virtually every make of automobile dealership
5-minutes of 3 of the best hospitals in town
6-minutes of more than 50 restaurants
7-minutes of Northshore at Pellissippi
7-minutes of Pellissippi State Community College
10-minutes of downtown Knoxville
10-minutes of the University of Tennessee
15-minutes of Oak Ridge
15-minutes of the Knoxville Airport
|
| Lot Frontage: |
350 |
| Lot Depth: |
722 |
| Zoning Description: |
Commercial "A" |
| Development Name: |
Walker Springs Park |
| Topography: |
Gently Sloping |
| Easements: |
Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,074 |
72,061 |
149,652 |
| Median Age: |
32.28 |
37.23 |
37.76 |
| Households: |
5,393 |
31,987 |
63,441 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither East Tennessee Realtors nor
Moody's assume any liability for errors or omissions.
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