0 Tn-72 Loudon, TN 37774
This exceptional 6.16-acre commercial land parcel boasts 968 feet of frontage on Highway 72 North, a mere 0.25 miles from Interstate 75's Exit 72. The property is zoned C-4, offering significant development potential. With daily traffic counts of 45,000 vehicles on I-75 and 11,231 on Highway 72 N near Queener Road, this location presents a high-visibility opportunity. The site is ideally suited for a variety of uses, including a grocery store, strip center, or subdivision into five retail pads, each approximately 285 feet deep. The property's strategic location near existing businesses such as Burger King, McDonald's, Bojangles, Taco Bell, hotels, and gas stations further enhances its appeal. The seller will consider grading and subdividing the land prior to closing. This parcel is being offered separately from an adjacent 24.54-acre tract, but both could be acquired for a larger mixed-use development, potentially utilizing Centre Park Drive for additional access. This presents a unique chance to capitalize on the continued growth along the I-75 corridor in Loudon County, Tennessee, with Exit 72 poised as the next major development hub. The property's APN is 01 040 085.01. The asking price is $3,080,000.
Cap rate
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Property description
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