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Highway 72 N - HWY-72 & I-75 GROCERY/RESTAURANT/RETAIL SITE

6.16 Acres of Commercial Land Offered at £2,449,889 in Loudon, TN 37774

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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

Price	£2,449,889	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Retail Convenience Store Drugstore Fast Food General Freestanding Restaurant Storefront Strip Centre
No. Lots	1	Total Lot Size	6.16 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,449,889
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Convenience Store Drugstore Fast Food General Freestanding Restaurant Storefront Strip Centre
Total Lot Size	6.16 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£2,449,889	Lot Size	6.16 AC
Price Per AC	£397,709

Price	£2,449,889
Price Per AC	£397,709
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.

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