11321 Kingston PikeFarragut, TN 37934

Property Details for 11321 Kingston Pike

Year built

2020

Construction

LIGHT FRAME

Lot size

1.17 AC

Property size (Sq ft)

9,783 SF

Property type

Retail properties

Property subtype

Strip malls

APN

142 130

APU

142130

Description

This exceptional retail space, located at 11321 Kingston Pike in Farragut, Tennessee, offers 1,500 square feet of versatile commercial space within a newly constructed (2020) 10,734 square foot power center. Situated at the intersection of Kingston Pike and Campbell Station, this property boasts unparalleled visibility and accessibility, benefiting from exceptionally high daily traffic counts exceeding 18,000 vehicles at Campbell Station and 35,000 on Kingston Pike/Admiral Road. The location is surrounded by a thriving community, with over 35,000 residents within a three-mile radius boasting an average household income of $119,000. The property's proximity to high-performing grade schools, serving 6,073 students within a 1.5-mile radius, further enhances its appeal. The development features a unique design incorporating an open courtyard with amenities such as fire pits and ample group seating, along with an ample parking area. This property is anchored by a taproom/brewery and a covered open-air food truck park, creating a vibrant and attractive destination. The 1.19-acre lot provides ample space, and the single-story building offers easy access and functionality. This is a rare opportunity to establish a business in one of Farragut's most desirable and high-traffic locations. The space is a "vanilla box," ready for tenant build-out. Knox County PID 142130 Alt 43656.

• CAP approach

  CAP return

  Valuation

  6%

  $2,523,798

  6.5%

  $2,329,660

  7%

  $2,163,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,808,846

  Geo Method

  $4,808,846

• Alternative Use

  Use

  Valuation

  Residential

  $1,965,155

  Hospitality

  $1,800,072

  Educational

  $1,497,638

  Medical

  $1,549,145

  Retail

  $2,329,660

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.8818

Longitude

-84.1601

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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