9011 Us-321 Lenoir City, TN 37771
This exceptional 124-acre property presents a significant development opportunity in Lenoir City, Tennessee. Strategically located at the intersection of I-40E and Highway 321N (exit 364), this expansive tract boasts over 2,000 feet of highway frontage along Interstate 40, providing unparalleled visibility and accessibility. The land offers sweeping mountain views and is zoned for both commercial and residential use, opening doors to a variety of development possibilities. The seller is open to subdividing the property and selling commercial outparcels, making it ideal for mixed-use projects. Existing infrastructure includes an on-site electric and natural gas pipeline, with water and sewer services readily available across Highway 321. The property includes parcels 002 094.00, 002O A 001.00, 002 093.00, and 005 003.00. Note that a 5-acre parcel (survey to be determined) at the I-40 and Highway 321 corner, intended for future development by the buyer, is not included in this sale. This prime location offers easy access to the Oak Ridge tech corridor, Lenoir City, and the Roane County business park, making it an attractive investment for developers seeking high-impact projects. While measurements and tax information are approximate, this property's strategic location and versatile zoning make it a truly exceptional investment opportunity. The asking price is $5,950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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