Development Opportunity Adjacent to new Knoxville Aldi
Vacant Land
for Sale
| Catylist Listing ID: |
30415965 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
3.86 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$310,880 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/15/2020 |
Overview / Comments
This 3.86 acre tract shares cross acess and drainage easements with Aldi including ingress and egress points on Millertown Pike and Old Millertown Pike. A significant portion of future detention is being completed by Aldi on the subject property. After easements on the subject property are calculated, the new owner will have approximately 2.35 acres of developable land. Significant infrastructure improvements are being completed by Aldi including drainage, utilities and pavement to the site.
Aldi expects to open its 22,400 sq. ft. grocery store in October, 2019. Construction and site work is underway..
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Taxing Authority: |
Knoxville, Knox Co. |
| Tax ID/APN: |
060HA003 |
| Zoning: |
C-3 |
| Property Located Between: |
Millertown Pike, Old Millertown Pike and Loves Creek |
| Property Visibility: |
Excellent |
| Legal Description: |
Tracey L. Jackson, Trustee |
| Largest Nearby Street: |
I-640 |
| Zoning Description: |
C-3 commercial district is designed for personal and business services and general retail business. |
| Topography: |
Gently Sloping |
| Easements: |
Electric Lines, Ingress/Egress, Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,644 |
43,031 |
112,666 |
| Median Age: |
44.79 |
40.82 |
38.32 |
| Households: |
729 |
18,412 |
47,900 |
|
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Neither Knoxville Area Association of REALTORS® nor
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