Property profile

0 Highway 321 Lenoir City, TN 37772

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lenoir City, Tennessee market. Located on Highway 321, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide range of commercial development possibilities. The site benefits from its strategic location near the intersection of Highways 11 and 321, experiencing high daily traffic volume exceeding 54,000 vehicles on Highway 11 alone. Concept plans for both office and retail spaces are included, providing a solid foundation for immediate development. The seller is open to exploring build-to-suit options or lease arrangements, offering flexibility to potential buyers or tenants. All utilities are readily available on-site, simplifying the development process. Detailed utility maps are also provided. Priced at $1,750,000, this property represents a compelling chance to capitalize on the robust growth and high visibility of this prime location in Lenoir City, TN, zip code 37772. Don't miss this chance to secure a piece of Lenoir City's burgeoning commercial landscape.

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

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

Location

Highway 321 Lenoir City, TN 37772
Lenoir City metro
Google Maps

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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