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    Highway 321 Lenoir City, TN 37772

    For Sale
    $1,750,000

    Prime 5-acre commercial lot, C-3 zoning. High traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lenoir City, Tennessee market. Located on Highway 321, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide range of commercial development possibilities. The site benefits from its strategic location near the intersection of Highways 11 and 321, experiencing high daily traffic volume exceeding 54,000 vehicles on Highway 11 alone. Concept plans for both office and retail spaces are included, providing a solid foundation for immediate development. The seller is open to exploring build-to-suit options or lease arrangements, offering flexibility to potential buyers or tenants. All utilities are readily available on-site, simplifying the development process. Detailed utility maps are also provided. Priced at $1,750,000, this property represents a compelling chance to capitalize on the robust growth and high visibility of this prime location in Lenoir City, TN, zip code 37772. Don't miss this chance to secure a piece of Lenoir City's burgeoning commercial landscape.

    Property Features for 0 Highway 321

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Concept plans available for retail and office space.
    • Prime development opportunity in Lenoir City.
    • Build‑to‑suit and leasing options considered.
    • Excellent highway access at Hwy 11/Hwy 321 intersection.
    • High traffic count: over 54,000 vehicles daily on Hwy 11.
    • Utilities available on‑site; utility maps provided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.2427436
    Latitude
    35.7845599

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    FAQs

    What type of property is this?
    Land - Prime 5-acre commercial lot, C-3 zoning. High traffic area.
    Where is this land located?
    The property is located at Highway 321 Lenoir City, TN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Concept plans available for retail and office space.; Prime development opportunity in Lenoir City.; Build-to-suit and leasing options considered.
    (865) 777-3035
    Request Owner's contact information
    Highway 321 Lenoir City, TN 37772
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highway 321 Lenoir City, TN 37772
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