Walmart and Lowe's Outparcel

Vacant Land for Sale
Catylist Listing ID: 30368589
Property Subtypes: Hospitality, Industrial, Retail, Self Storage
Gross Land Area: 5.95 Acres
Sale Price: $999,000
Unit Price: $167,899 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

Walmart Supercenter & Lowe's OUTPARCEL in Elizabethton's Arterial Business District. Ideal for High Energy retail / restaurant / entertainment development.

The City of Elizabethton is ready with development tools: TIF, tax abatements and streamlined approval process.

All city amenities and utilities are available. Easy access off W. Elk Avenue / Hwy 321

See attached: Proposed site plans for a 57,595 SF Retail Center or an 8 Screen Theatre.

B2 Zoning allows: Shopping Center, Grocery Store, Hotel, Restaurant, Auto & Mobile Home Sales, Amusement & Assembly Self Service Storage, Professional / Business / Medical / Lawyer / Dentists / Architects Offices, Real estate and insurance agencies, Nursing Homes, Public Owned Bldg., Public & Private Schools, Non-profit organizations & clubs, Drug store, Funeral Home, Bank & Lending Institutions, Churches, Home Occupations, Single and Multi Family dwellings, (Some uses are by right and some uses are by right with restrictions)

Population: 1 Mile: 5,099 / 3 Miles: 20,756 / 5 Miles: 43,371
Avg HH Income: 1 Mile: $47,417 / 3 Miles: $42,447 / 5 Miles: $44,099

Traffic count at lighted intersection - 28,545 vehicles per day

City/County combined Taxes: $13,957

I-26 take Exit 24 to Hwy 321 toward Elizabethton. Travel 6 Miles on W. Elk Avenue/US Hwy 321/TN Hwy 91. Left at Over Mountain Drive lighted intersection. Property is to the right when facing Walmart. Other W. Elk access - Left at Wallace Ave (going toward Lowe's) then Left on Patriot Drive, Right on Stonewall Jackson Drive.

Additional Details

Nearest MSA: Johnson City
County: Carter
Tax ID/APN: 010040E A 00903

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,099 20,756 42,140
Median Age: 42.52 42.36 40.35
Households: 2,170 8,766 17,806


Photograph of Listing Agent

Larry McClanahan

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