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    1615 Choto Rd Knoxville, TN 37922

    Sponsored
    For Sale
    $875,000

    1-Acre Corner Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a rare investment opportunity in Knoxville, Tennessee. Located at 1615 Choto Rd, this property boasts a highly desirable corner location directly adjacent to the Choto Rd./Northshore Dr. roundabout, ensuring maximum visibility and accessibility. The site benefits from significant daily traffic volume, exceeding 18,000 vehicles, providing unparalleled exposure for any commercial venture. With approximately 240 feet of frontage on Choto Rd. and over 90 feet on Northshore Dr., this lot offers ample space for development. The surrounding area is experiencing rapid growth, characterized by upscale residential communities and thriving retail establishments, including the popular Markets at Choto. This strategic location, combined with its high traffic count and proximity to established amenities, makes this property ideally suited for a variety of commercial uses. The asking price is $875,000. The property is zoned for commercial use within Knox County, zip code 37922. This is a unique chance to acquire a prime piece of real estate in a rapidly developing area of Knoxville. Don't miss this opportunity to capitalize on the significant growth potential of this exceptional location.

    Property Features for 1615 Choto Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.167111
    Latitude
    35.82914

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    FAQs

    What type of property is this?
    Land - 1-Acre Corner Lot, High Traffic
    Where is this land located?
    The property is located at 1615 Choto Rd Knoxville, TN.
    What is the asking price?
    The asking price for this property is $875,000.
    (865) 531-6400
    Request Owner's contact information
    1615 Choto Rd Knoxville, TN 37922
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    Knoxville, TN 37922
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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
    1615 Choto Rd Knoxville, TN 37922
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