Prime Outparcel Near New Food
For Sale
Contact for pricing
4503 Georgetown Rd NW, Cleveland, TN 37312
Outparcel adjacent to new Food City, opening Summer 2024.
Property SizeContact for details
Days on Market871
Property Features for 4503 Georgetown Rd NW
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SVN Second Story Real Estate Management- Atlanta
Listed By:
Hunter Myers · License #358780
(678) 787-5019
Source:
Crexi
Added: May 1, 2024
Changed: Sep 17
Last Checked: Sep 18 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Second Story Real Estate Management- Atlanta
Investment Insights
Based on property information with market context.
A new outparcel is available for purchase adjacent to a brand new Food City, scheduled to open in late Summer 2024. The City and TDOT have approved a signal at the main intersection, and its design is underway. Upon completion, the section of road servicing the outparcel will become public. Storm water detention quantity is covered by the regional detention basin to the South, below the elementary school. The developer of the outparcel will need to provide storm water quality measures. Food City has acquired all the land between Candies Creek Elementary School and Dollar General and is currently constructing their new store, with an opening date set for July 1, 2024. The section of Georgetown Road is planned to be four-laned, with completion expected by August 2024. It is estimated that over 30,000 vehicles per day will travel on this stretch of Georgetown Road after the road work is completed. This outparcel is ideally suited for a QSR, car wash, or other retail use. Additional details are available in the attached survey.
Key Highlights
- Adjacent to brand new Food City opening late Summer 2024, providing significant customer traffic.
- High traffic volume expected (estimated over 30,000 VPD) after Georgetown Road is widened to 4 lanes by August 2024.
- Signal light approved and being designed at the main intersection, improving accessibility.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Outparcel adjacent to new Food City, opening Summer 2024.
Where is this commercial land located?
The property is located at 4503 Georgetown Rd NW Cleveland, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Adjacent to brand new Food City opening late Summer 2024, providing significant customer traffic.; High traffic volume expected (estimated over 30,000 VPD) after Georgetown Road is widened to 4 lanes by August 2024.; Signal light approved and being designed at the main intersection, improving accessibility.
