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adj. to 257 U.S. 11E - $1 Auction – 2.79 Acre | Dollar General Adj.

2.79 Acres of Commercial Land Offered at £0.78 in Bulls Gap, TN 37711

Investment Highlights

  • ABSOLUTE $1 AUCTION | ±2.79 Acre Parcel | 5K VPD | Dollar General Adjacent | Knoxville, TN Nearby | AUCTION DECEMBER 9-11, 2024.
  • ±5,333 VPD Traffic Counts on US Highway 11E (Andrew Johnson Hwy); 3 Miles North of I-81 | ±5.78% Future Growth Anticipated from 2024-2029 (3-mile).
  • Attractive Demographics with Population of ±38,537 Individuals and Annual Household Income of ±$66,701 (10-Mile Radius).
  • ±2.79 Acres of Land adjacent to Dollar General in Bulls Gap, TN; Less than 1 Hour from Knoxville.
  • Demand Drivers Nearby: Family Dollar, USPS, Bulls Gap School, Several Museums, and more.
  • Flexible B-3 (Arterial) Business Zoning for a Variety of General Commercial Uses & Activities.

Executive Summary

Marcus & Millichap is pleased to present a ±2.79-acre land parcel located adjacent to 257 US-11E (the “Property”) in Bulls Gap, Tennessee. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±2.79-acre parcel situated adjacent to Dollar General with access and visibility on US-11E with traffic counts of 5,333 vehicles per day and three miles north of I-81 with traffic counts of 38,753 vehicles per day. The Property benefits from proximity to Family Dollar, USPS, Bulls Gap School, Archie Campbell Museum Complex, Bulls Gap Railroad Museum, and more. The Property benefits from highly favorable B-3, Arterial Business District zoning that allows for a wide variety of uses including grocery, retail, restaurant, office, residential, personal service, and many more.

Bulls Gap, Tennessee, is a town in Hawkins County, situated in the northeastern part of Tennessee within the Ridge-and-Valley region of the Appalachian Mountains. The Property is positioned in a strategic location along US Highway 11E and three miles north of Interstate 81, providing convenient access to larger markets like Knoxville (about 60 miles southwest) and Johnson City (approximately 40 miles northeast). The Property benefits from strong demographics with a population of 38,537 residents and an average household income of $66,701 within a 10-mile radius. The population has experienced 4.12% growth from 2020-2024 with 4.3% growth expected to continue through 2029 within a 10-mile radius and over 5% growth expected through 2029 within a 3-mile radius.

Property Facts

Price £0.78
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Community Centre
Total Lot Size 2.79 AC

1 Lot Available

Lot

Price £1
Price Per AC £0
Lot Size 2.79 AC

This ±2.79-acre parcel in Bulls Gap, Tennessee, offers a prime development opportunity with excellent visibility and access from US-11E, adjacent to Dollar General, and zoned B-3 for a variety of commercial and residential uses.

Description

The ±2.79-acre parcel is located in Bulls Gap, Tennessee, offering a prime opportunity for development. The land is flat, well-suited for various commercial, retail, or residential projects. It is adjacent to a Dollar General store, providing excellent visibility and access from US-11E, a major thoroughfare with strong daily traffic counts. The property benefits from its proximity to other local amenities, including Family Dollar, USPS, Bulls Gap School, and several local museums. With B-3 Arterial Business District zoning, the site allows for a wide range of uses, from retail and office spaces to residential developments. The land's location just three miles north of I-81 further enhances its accessibility to regional markets.

zoning

Zoning Code B-3 ((Arterial) Business Zoning for a Variety of General Commercial Uses & Activities)
B-3 ((Arterial) Business Zoning for a Variety of General Commercial Uses & Activities)
  • Listing ID: 33684685

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: adj. to 257 U.S. 11E, Bulls Gap, TN 37711

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