The Westcott Center
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30559074 |
| Property Subtypes: |
Retail-Pad
|
| Gross Land Area: |
1 - 1.13 Acres
|
| Sale Price: |
$900,000 - 950,000 |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/8/2023 |
Overview / Comments
|
The Westcott Center is home to a 113,531 square foot Kroger Marketplace. This site offers lighted access to both Oak Ridge Turnpike and Illinois Avenue along with additional points of entry on Ivanhoe and Raleigh Roads as well. Multiple outlots available from 1.00 to 1.13 Acres available for sale. Small shop space is also available ranging from 1,100 - 1,400 square feet.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Anderson |
| Tax ID/APN: |
001099K B 04600 |
| Property Located Between: |
Oak Ridge Turnpike and Illinois Avenue |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Oak Ridge Turnpike |
| Traffic/Vehicle Count: |
27,500 |
| Site Description: |
Property is anchored by Kroger Marketplace and is located in the NWQ of Illinois Avenue and Oak Ridge Turnpike in Oak Ridge, TN. |
| Area Description: |
Oak Ridge, part of the Knoxville MSA, is a suburban city located in Anderson and Roane counties. Oak Ridge was established in 1942 and is most notably known as the Secret City due to it's involvement as a production site for the Manhattan Project— the operation that developed the atomic bomb. As it is still the site of Oak Ridge National Laboratory and Y-12 National Security Complex, scientific development still plays a crucial role in the city's economy and culture in general.
Along with Kroger Marketplace, area retailers include JC Penney, Belk, Dick's Sporting Goods, TJ Maxx, Walmart Supercenter, Chick Fil A, Hobby Lobby and many more. |
| Part of Planned Development?: |
Yes |
| Development Name: |
The Westcott Center |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,597 |
25,143 |
39,372 |
| Median Age: |
36.33 |
41.62 |
43.23 |
| Households: |
2,570 |
11,045 |
16,824 |
|
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