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Property profile

0 Watt Rd Farragut, TN 37934

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 8-acre commercial/industrial land parcel presents a rare development opportunity in Farragut, Tennessee. Strategically located at the intersection of I-75 and I-40, this site boasts unparalleled visibility and accessibility, benefiting from a daily average traffic count of 95,501 vehicles. The high volume of interstate travelers and trucking traffic makes this an ideal location for a variety of commercial ventures. Its adjacency to a TA Travel Center, with a shared entrance, further enhances its appeal and potential for synergy. The property's suitability extends to a range of uses, including hotels, stand-alone restaurants, or dealerships. Adding to its attractiveness is the proximity to a new sports complex currently under construction on the north side of the interstate, promising increased foot traffic and potential customer base. The property is zoned for commercial and industrial uses, offering flexibility for developers. The single-tenant nature of the land simplifies development and management. This site represents a significant investment opportunity with exceptional growth potential in a thriving area. The address is Watt Rd, Knoxville, TN 37934. The property's latitude and longitude coordinates are 35.873801252073136 and -84.23636227231191 respectively.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Watt Rd Farragut, TN 37934
Farragut metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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