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

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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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