*Motivated Seller!* Acreage with unfinished building on Hwy. 11

Retail-Commercial for Sale
Catylist Listing ID: 30834679
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Vehicle Related
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 4 Acres
Sale Price: $366,000
Unit Price: $91.50 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2023

Overview / Comments

*Motivated Seller! Bring offers!* With a daily traffic count of over 5,400 vehicles (data from 2021) and 1+ acre graveled lot, this property is perfect for an agribusiness like a nursery, farm stand or auto/truck lay yard. The seller is currently using this as a truck/trailer yard but this was formally used as a plant/tree nursery and has a 4,000 square foot metal pole-barn style building, complete with a large set of rolling doors and a raised "stage" area. There is a total of 300' of road frontage on Lee highway/11 and is located one mile from Highway 72 so you are less than 3 miles to interstate 75. Utilities available: municipal water, electricity, septic, hard-wire internet. The utilities in the large building are outdated and would need to be repaired before use so this is being marketed as "unfinished space". Buyer to verify all information. *I have intermingled current pictures and pictures from last year when it was vacant to show what it will look like when cleared out. Contact Joshua Christian for more details. Superior Title in Knoxville to be closing agency for seller.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon county
Tax ID/APN: 05304810500
Zoning: A-2
Retail Clientele: General, Family, Other
Property Visibility: Excellent
Largest Nearby Street: Lee Highway/Highway 11
Feet of Frontage: 300
Traffic/Vehicle Count: 5,493
Highway Access: Highway 72
Airports: McGhee Tyson Airport - 38 miles
Site Description: - 4 level acres with 1+ acre graveled - 4,000 unfinished building space - water, electric, septic, internet availability - located less than 3 miles to interstate 75 and one mile to Hwy. 72 - Daily traffic count of 5,493 vehicles (old data from 2021, has increased over the last two years)
Area Description: Loudon is a small county town that is growing exponentially. The traffic count on Lee highway/11 increased over 25% since 2021, showing tremendous growth in the area surrounding the property. The area is commercially and residentially expanding due to the increased availability of jobs being brought in by national and world-wide distribution and manufacturing companies.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2011
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame, Wood Frame, Wood Siding
Exterior Description: Red metal and wood
Parking Type: Surface
Parking Description: Over 1+ acre graveled lot. Land lays well to expand this and create a full, wrap around lot for truck turnaround.
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Majority of building is unfinished. On the office side, there is a wood burning fireplace, full bathroom and raised office area. Utilities are outdated and would need to be repaired to use them in the large building.
Zoning Description: A-2 with Loudon county
Lot Frontage: 300'
Lot Depth: 600'
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,335 15,958
Median Age: 40.88 42.44
Households: 3,197 6,140


Photograph of Listing Agent

Joshua Christian

Avison Young ETNRCRE Member
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