3± Riverfront Acres on Race St

Vacant Land for Sale
Catylist Listing ID: 29738706
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 3.06 Acres
Sale Price: $290,939 Per Acre
Total Price: $890,273
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

Up to 3± Acre commercial/Apartment development site right on Race Street at the Clinch River.

This site offers a terrific opportunity for a number of possible developments such as restaurant, retail, office, medical, self-storage, multifamily and more.

The property is well-located midway between the Midtown developments and downtown Kingston, TN. The property has terrific visibility from both Race street and even I-40 with 485’ frontage on Race street. Traffic counts are strong at 12,000+ per day. Traffic is local traffic between Kingston, Midtown, Harriman and Rockwood, and destination traffic for shopping at Kroger/Lowe's in Midtown)

This property is pad ready. It has already been graded and all utilities are to the site.

The owners will divide subject to approval of a master plan. The property is zoned C-2, General Business District, which allows a wide range of uses, including all uses permitted in the O-1, Office District. C-2 uses include Retail, Finance, Insurance, Business, Professional and Personal Services, Car/Truck Repair, Hotels, Religious activities and more.

This tract is offered subject to Use Restrictions that will run with the deed. These restrictions are basically against operating a dollar-type store. In addition, to protect both the subject and the adjacent tract to the south, both tracts will have restrictions against several types of businesses that might be considered undesirable. Details are provided in the marketing package.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 047I A 001.00, 047I A 001.01
Zoning: C-2
Market Type: Small
Side of Street: South
Road Type: Paved, 2-Track, Highway
Property Visibility: Excellent
Largest Nearby Street: W Race St
Feet of Frontage: 485
Traffic/Vehicle Count: 12,413
Lot Frontage: 485
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,539 12,469 23,166
Median Age: 42.89 44.54 44.43
Households: 648 5,301 9,751
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