R-3 ZONED RESIDENTIAL LAND IN CITY OF LOUDON OFF HWY-72 & I-75
Vacant Land
for Sale
| Catylist Listing ID: |
30811372 |
| Property Subtypes: |
Multi-Family, Residential (Single Family)
|
| Gross Land Area: |
1.70 - 24.54 Acres
|
| Sale Price: |
$75,000 Per Acre |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/6/2023 |
Overview / Comments
|
See other listing for approximately 6 acres of frontage on this parcel. Rear acreage is zoned R-3 Urban Residential District in the City of Loudon. R-3 zoning allows for single family and multifamily dwellings. Great opportunity for a developer to create a mixed use development with grocery/retail in the front and residential in the back or purchase this site individually while owner identifies a retail user for the frontage. Located only .25 miles from I-75, the parcel spans 968 feet on Hwy-72 and has 276 feet of frontage on Cedar Park Drive. Developer could extend the road from Centre Park Drive on the opposite side of Hwy-72 to provide access to the rear acreage for multiple points of access. City red-light incentives may also be available. There are a variety of fast food restaurants, hotels, and a single family residential development nearby with home prices in the mid to upper $300,000s. Zoned for Loudon County High School.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Taxing Authority: |
Loudon |
| Tax ID/APN: |
040 088.00/040 085.01 |
| Zoning: |
R-3 (URBAN RESIDENTIAL DISTRICT) |
| Property Located Between: |
Cedar Park Dr., Queener Rd., and Highway 72 N |
| Property Visibility: |
Excellent |
| Legal Description: |
Parcel ID/Tax ID 01 040 085.01 (22.740 acres) & 040 088.00 (1.80 acres) |
| Largest Nearby Street: |
Highway 72 N |
| Feet of Frontage: |
276 |
| Traffic/Vehicle Count: |
12,168 |
| Highway Access: |
Immediately off Exit 72 of I-75 with traffic counts of 45,000 vehicles per day on I-75 and 12,168 vehicles per day on Hwy 72 N at Queener Rd |
| Airports: |
McGhee Tyson Airport - 32 Miles |
| Site Description: |
Headed southbound on I-75, take exit 72 for TN-72, turn left onto TN-72-E/Loudon Hwy. Property will be on your left in approx. 0.5 miles. |
| Area Description: |
As growth continues to expand in Loudon County down the I-75 corridor, Exit 72 is the next major exit for development past the I-75/Hwy 321 Interchange in Lenoir City. |
| Lot Frontage: |
Approx. 276 FT on Cedar Park Drive |
| Lot Depth: |
Approx. 1187 FT at Deepest Point |
| Zoning Description: |
R-3 Urban Residential in the City of Loudon, PDD rezoning may be a possibility |
| Topography: |
Rolling |
| Easements: |
Pipelines, Utilities |
| Easements Description: |
50' Colonial Pipeline Easement Near NW Corner of Parcel |
| Available Utilities: |
Electric, Water, Gas, Sewer |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,201 |
6,768 |
14,398 |
| Median Age: |
37.89 |
41.99 |
41.5 |
| Households: |
831 |
2,674 |
5,559 |
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