I-40 / Hwy 321 Interchange Tract

Vacant Land for Sale
Catylist Listing ID: 30197463
Property Subtypes: Hospitality, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 12.27 Acres
Sale Price: $1,995,000
Unit Price: $162,591 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2018

Overview / Comments

Great I-40 interchange site on westbound side of I-40 at Exit 364 in Lenoir City, where ADT is 42,000 vehicles per day. Hwy 321/95 is a major corridor to Oak Ridge and Lenoir City, with traffic counts of 7,450 north of I-40 and 9,850 south of I-40. A new Love's /McDonald travel center has recently opened on the south side of I-40, with a hotel planned for the near future. Exit 364 is the first exit west of Knoxville, after the I-40/I-75 split, providing a perfect location for fast food restaurants, hotels convenience stores and other travel-related commercial uses. Property is zoned C-3 Highway Commercial in Lenoir City which allows a wide variety of Highway oriented commercial uses.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Zoning: C-3 HIGHWAY COMMERCIAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 765 3,380 13,921
Median Age: 45.99 45.95 44.27
Households: 302 1,340 5,746
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