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Callahan Drive - I-75 Exit 110/Callahan Dr 39Ac Retail or Bsns, Knoxville, TN

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Callahan Drive - I-75 Exit 110/Callahan Dr 39Ac Retail or Bsns

Retail or Business Park
Knoxville, TN 37912 - North/Emory Road Submarket


Property Type:Land Parcel Size:39 Acres
Zoning:C-5, A-1
For Sale Price:$6,162,000 Price/Acre:$158,000 Price/SF:$3.63

Topography:Sloping
Proposed Use:Commercial, Retail, MultiFamily, Self-Storage

On-Site Improv:Raw land


Prime Development Land @ I-75, Exit 110-Callahan Drive w/traffic ADT of 68,870 on I-75. For retail, hotel or mixed use. Excellent visibility as it overlooks the Interstate & has long sight lines on I-75. Property is in North Knoxville which has experienced strong residential growth. 3 mile radius has 41,916 population, average HH income of $49,764. Potential for Mixed Use with rezoning to 24 Units/AC. Within two (2) miles of grocery, new Hospital & major retail area.

Sale Notes:
Prime Development Land @ I-75, Exit 110-Callahan Drive w/traffic ADT of 68,870 on I-75. For retail, hotel or mixed use. Excellent visibility as it overlooks the Interstate & has long sight lines on I-75. Property is in North Knoxville which has experienced strong residential growth. 3 mile radius has 41,916 population, average HH income of $49,764. Potential for Mixed Use with rezoning to 24 Units/AC. Within two (2) miles of grocery, new Hospital & major retail area.

?Property Overview 39+ acres available (23+ buildable acres) Owners will divide. Prime Interstate Development Land @ I-75, Exit 110-Callahan Drive. Ideal for large retail development, Car Dealerships, Hotel or mixed use. Excellent visibility as it overlooks the Interstate & has long sight lines on I-75.
?Site Description Partially graded site overlooks I-75. The site is being graded to a level area that is slightly above I-75, affording excellent visibility from I-75. Compacts to 98%. Current owner has not hit rock.
?Area Description Property is in North Knoxville/Knox County which has experienced strong residential growth. Within two miles of grocery, new Mercy Hospital & major retail area. This property is on an important cross-county “Arterial.” Callahan Drive starts at I-75 (at the subject) and heads west. At Clinton Highway, the name changes to Schaad Road and continues west across the county eventually joining Ball Camp Pike which changes to Lov-ell Rd at Middlebrook Pike and then intersecting Pellissippi Parkway (TN-162).
?Zoning Description Property is within the City of Knoxville. Buildable areas are currently a mix of C-4 (Highway & Arterial Commercial) and C-5 (Tourist Commercial District) zoning. MPC has indicated they would consider various possible rezoning alternatives. Potential for Mixed Use with rezoning to 24 Units/AC.
?Access. A traffic signal is proposed and plausible at Callahan Road. Additional adjacent property is available.

NAI Knoxville
Sam Tate
(865) 777-3035




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