Active

Highway 321 Hwy

Lenoir City TN, 37771

$2,640,000


$0.93 per sqft

Active

2,831,400 sqft

Land

The +/-65 acre Lenoir City property is located along Hwy 321 between Interstates 40 and 75. The property is 1.6 miles south of the I-40 exit and 3.4 miles north of the I-75 exit in Lenoir City, TN. Highway 321 is four-lane and carries high daily traffic counts. The property lies within a 30-minute drive of Knoxville one of Tennessee's fastest growing cities.

A modern survey is available that shows over 3,740 feet of highway frontage. A paved city street bisects the property and accesses a new residential subdivision currently under construction. Sewer, public water, gas, electricity, internet, and phone are available along the highway and city road frontage. Tax parcel 053 009 108000 000 2023 is currently zoned as R-1 Low Density Residential District within Lenoir City. Tax parcel 053 009 11000 000 2023 is zoned R-1 Suburban Residential within Loudon County.

New residential development is in progress to the north and west of this tract as well as new commercial development along this same corridor. The location within the city limits of Lenoir City makes for less restrictive residential development potential relative to other locations in Loudon County outside the city limits. The subject property is minutes from area shopping at exit 81 on I-75 in Lenoir City. The Great Smoky Mountains are within an hours drive and there are three local TVA lakes in the immediate area. This tract has potential for many uses in a fast growing and desirable area of eastern Tennessee.

1245203

MLS ID

November 6, 2023

Listed

February 16, 2024

Updated

Map

Highway 321 Hwy
Lenoir City TN, 37771

Exterior/Building Features

Lot Size

65 Acres


Lot Features

Rolling, Rolling Slope, Other

Other Property Details

Area Name

Loudon County - 32


Garage

No


View

Yes


View Description

Mountain View


County

Loudon County - 32


Pool

No


Buyer Agency Compensation

1.5%

 

Courtesy of AFM Real Estate, Jake Almond

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Shannon Foster-Boline shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:45 AM UTC, 2/16/2024

 

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