Creekwood Business Park Lot 1

Vacant Land for Sale
Catylist Listing ID: 30281860
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 8.60 Acres
Sale Price: $1,720,000
Unit Price: $200,000 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2018

Overview / Comments

With a total of one hundred and thirty-four acres remaining, the Creekwood Business Park, located along Interstate 75, offers a range of mixed-use opportunities. Strategically sited near the intersection of Interstates 75, 40 and 81, it is within a one-day’s drive to seventy-five percent of the population in the eastern and central United States. Suggested uses include general office, retail, entertainment and recreation venues and multifamily/senior living. The entire tract is available for a master developer or as individual parcels as small as one acre. Low local property tax rates, no state income tax and attractive incentives for new employers and a development-friendly environment make Creekwood Business Park an excellent choice.

The property has almost a mile of frontage along Interstate 75 at Exit 81 in the fast-growing community of Lenoir City. It is less than twenty-four miles from the center of Knoxville and convenient to the nuclear energy complex at Oak Ridge which includes the Spallation Neutron Source, Oak Ridge National Laboratory, Y-12 National Security Complex and Oak Ridge Associated Universities/UT-Battelle.

Main entrances to the landscaped, four-lane boulevard through the tract are located on Highway 321 on the south and US Highway 11/70 on the north. Current occupants include Lenoir City Utilities Board headquarters, The University of Tennessee Regional Health Center, Lenoir City Eye Center, the Pediatric Clinic, the Venue event center and the 208 unit apartment complex, The Cove at Creekwood.

All utilities are present including electric, water, gas, municipal sewer and fiber optic cable. Rough grading has been done on most of the site. The majority of the acreage is zoned C-3, Highway Commercial District, which allows most commercial uses including hospitality, retail, business and professional services and amusement establishments, with 17.62 acres zoned R-4, Residential District, which allows multifamily.

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Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 010 168.00
Zoning: LENOIR CITY C-3
Property Located Between: US-321 and US-70
Property Visibility: Excellent
Largest Nearby Street: Creekwood Park Blvd
Highway Access: Just off I-75 at US-321 exit 81
Airports: TYS
Zoning Description: C-3 Highway Commercial, R-4 Residential
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,454 15,368 36,828
Median Age: 40.4 39.77 41.88
Households: 581 6,094 14,160
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.