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    11320 Outlet Dr Knoxville, TN 37932

    Sponsored
    For Lease
    Contact for pricing

    Topgolf adjacent, high-traffic location

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.88-acre retail outparcel presents a prime investment opportunity in Knoxville, TN. Located at 11320 Outlet Drive, this site boasts 7,500 square feet of potential building space, with flexible zoning (OD-RE/E) allowing for various commercial uses, including restaurants, breweries, retail, and QSR establishments. The property is conveniently situated directly off I-40/75, benefiting from high traffic counts of approximately 148,166 vehicles per day on I-40 and 40,959 VPD on the TN-131/Lovell Rd exit. Its strategic location directly adjoins the new Topgolf entertainment complex and is between two proposed hotels, one anticipated to begin construction by the end of 2024, ensuring high foot traffic and visibility. The site is rough-graded and has access to essential utilities including stormwater, sewer, and water. This location offers significant advantages, including proximity to downtown Knoxville (14 miles) and the University of Tennessee (approximately 28,900 students), and a strong demographic profile with average household incomes exceeding $140,000 within a 5-mile radius. The property's zoning allows for a wide range of commercial development, making it an ideal location for businesses seeking high visibility and access to a substantial consumer base in a rapidly growing area. Space is available from 1,500 to 7,500 square feet.

    Property Features for 11320 Outlet Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Unit(s) available at that property

    Space
    Size
    7,500 SF

    HighLights

    • 1.88‑acre retail outparcel in Knoxville, TN, at 11320 Outlet Drive.
    • 7,500 SF potential building space with OD‑RE/E zoning allowing for restaurants, breweries, retail, and QSR.
    • High traffic counts: ~148,166 VPD on I‑40 and ~40,959 VPD on TN‑131/Lovell Rd, directly off I‑40/75.
    • Adjacent to Topgolf, near proposed hotels, ensuring high visibility and foot traffic.
    • Rough‑graded, with utilities (water, sewer, stormwater) available.
    • Space available from 1,500 to 7,500 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.159433178137
    Latitude
    35.903879708868

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    FAQs

    What type of property is this?
    Restaurant - Topgolf adjacent, high-traffic location
    Where is this restaurant located?
    The property is located at 11320 Outlet Dr Knoxville, TN.
    What are key features of this property?
    This property features: 1.88-acre retail outparcel in Knoxville, TN, at 11320 Outlet Drive.; 7,500 SF potential building space with OD-RE/E zoning allowing for restaurants, breweries, retail, and QSR.; High traffic counts: ~148,166 VPD on I-40 and ~40,959 VPD on TN-131/Lovell Rd, directly off I-40/75.
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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
    11320 Outlet Dr Knoxville, TN 37932
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