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Highway 72 N
Loudon, TN 37774
HWY-72 & I-75 GROCERY/RESTAURANT/RETAIL SITE · Land For Sale
·
6.16 AC
Investment Highlights
- Opportunity to Subdivide into 5 Retail Pads
- Growing Intersection off I-75
- 968 FT of Frontage on Hwy 72 N
Executive Summary
Don't miss the opportunity to own 968 feet of total frontage on Highway 72 N, .25 miles from I-75. 6.16 acres of frontage is being listed separately from the remaining 24.54 acres in the rear of the parcel, but there is the potential for a developer to acquire both parcels for a mixed use development and extend a road from Centre Park Drive, which will give this site multiple points of access. Possible uses include a grocery store, strip center, or a developer could subdivide the parcel into five (5) retail pads with roughly 285 feet of depth. Currently there is a Burger King, McDonald's, Bojangles, Taco Bell, Hotels, and Gas Stations already located off the exit. Owner will consider grading and subdividing the parcels prior to sale.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 6.16 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | C-4 - Commercial | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 6.16 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C-4 - Commercial |
1 Lot Available
Lot
| Price | $4,261,334 CAD | Lot Size | 6.16 AC |
| Price Per AC | $691,775.02 CAD |
| Price | $4,261,334 CAD |
| Price Per AC | $691,775.02 CAD |
| Lot Size | 6.16 AC |
Headed southbound on I-75, take exit 72 for TN-72, turn left onto TN-72-E/Loudon Hwy. Property will be on your left in approx. 0.5 miles.
Description
Immediately off Exit 72 of I-75 with traffic counts of 45,000 vehicles per day on I-75 and 11,231 vehicles per day on Hwy 72 N at Queener Rd. As growth continues to expand in Loudon County down the I-75 corridor, Exit 72 is the next major exit for development past the I-75/Hwy 321 Interchange in Lenoir City. 30' Plantation Pipeline Easement through SE corner of the property; 20' Waterline Easement through front of the property.
Property Taxes
| Parcel Numbers | Improvements Assessment | $485,968 CAD | |
| Land Assessment | $518,283 CAD | Total Assessment | $1,004,251 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$518,283 CAD
Improvements Assessment
$485,968 CAD
Total Assessment
$1,004,251 CAD
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