$1,250,000
MLS# 1202340
1 / 5
Property Description
Proximity to Major Facilities: The property's close proximity to the new 650K square foot Amazon Fulfillment Center, as well as its accessibility to the Pellissippi Parkway/Alcoa Highway connection, makes it an attractive location for businesses looking to capitalize on the area's growth and economic activity. Interest from Multiple Sectors: The property has attracted interest from various sectors including hotels, storage facilities, warehouses, and retail developments, all of which align with the current zoning and could benefit from the high traffic volume in the area. Opportunity Zone Status: Being located within an Opportunity Zone provides potential investors with tax incentives, enhancing the property's appeal for development projects. TDOT Alcoa Highway Project: The planned addition of a traffic light at the intersection of Mimosa Heights and Alcoa Highway is a positive development for improving traffic flow and accessibility, further enhancing the property's value and potential for development. Current Residential Status and Future Zoning: While the property is currently a residential home with a septic system, the annexation by the City of Alcoa and the future transition to commercial zoning indicate opportunities for redevelopment or adaptive reuse to align with the area's commercial growth. Infrastructure Considerations: The presence of nearby manholes and the relatively close proximity of the sewer tie-in offer opportunities for infrastructure upgrades to accommodate commercial development, which can be advantageous for potential buyers or developers. Employment and Traffic Statistics: The high number of people employed within a 5-mile radius and the significant daily traffic volume on US 129 (Alcoa Highway) and Pellissippi Parkway indicate a strong economic and commercial environment, further supporting the property's potential for commercial development. Distance to Key Facilities: The property's close proximity to major facilities such as the Amazon Fulfillment Center, Tyson McGhee Airport, and the new Smith & Wesson Headquarters adds to its appeal and potential for various commercial ventures. Given these factors, it's clear that your property offers a unique opportunity for investors or developers seeking to capitalize on its prime location and the surrounding economic growth. If you have any further questions or need assistance with anything else, feel free to let me know.
Details
Location, Tax & Legal Info
State/Province: TN
Zip Code: 37777
Area: Blount County - 28
City/County Code: City Limits
PIN #: 018 015.00
Total Tax: 3121.29
Contract Info
Auction Y/N: No
Listing Price: 1250000
Current Price: $1,250,000
Status: Active
Listing Date: 2022-08-11
Cooperation Comp: 2
Compensation Type: %
General Property Description
Lot Dimensions: 1234x12x34
Lot Size SqFt: 114582
Acres: 2.63
Acre Source: Tax Records
Restrictions: No
Property Status: N/A
Remarks & Misc
Directions: Southbound on Alcoa Highway,turn left on Mimosa Heights Drive at Doug Justus Auto, turn left onto Crescent Drive. Property sits on the corner on the right (house w/ pool on grounds)directly across Alcoa from the UHAUL
GPS: 35.838395°/-83.968607°
Public Remarks: Proximity to Major Facilities: The property's close proximity to the new 650K square foot Amazon Fulfillment Center, as well as its accessibility to the Pellissippi Parkway/Alcoa Highway connection, makes it an attractive location for businesses looking to capitalize on the area's growth and economic activity.
Interest from Multiple Sectors: The property has attracted interest from various sectors including hotels, storage facilities, warehouses, and retail developments, all of which align with the current zoning and could benefit from the high traffic volume in the area.
Opportunity Zone Status: Being located within an Opportunity Zone provides potential investors with tax incentives, enhancing the property's appeal for development projects.
TDOT Alcoa Highway Project: The planned addition of a traffic light at the intersection of Mimosa Heights and Alcoa Highway is a positive development for improving traffic flow and accessibility, further enhancing the property's value and potential for development.
Current Residential Status and Future Zoning: While the property is currently a residential home with a septic system, the annexation by the City of Alcoa and the future transition to commercial zoning indicate opportunities for redevelopment or adaptive reuse to align with the area's commercial growth.
Infrastructure Considerations: The presence of nearby manholes and the relatively close proximity of the sewer tie-in offer opportunities for infrastructure upgrades to accommodate commercial development, which can be advantageous for potential buyers or developers.
Employment and Traffic Statistics: The high number of people employed within a 5-mile radius and the significant daily traffic volume on US 129 (Alcoa Highway) and Pellissippi Parkway indicate a strong economic and commercial environment, further supporting the property's potential for commercial development.
Distance to Key Facilities: The property's close proximity to major facilities such as the Amazon Fulfillment Center, Tyson McGhee Airport, and the new Smith & Wesson Headquarters adds to its appeal and potential for various commercial ventures.
Given these factors, it's clear that your property offers a unique opportunity for investors or developers seeking to capitalize on its prime location and the surrounding economic growth. If you have any further questions or need assistance with anything else, feel free to let me know.
Status Change Info
Status Change Date: 2022-09-20
Property Features
Property Sub-Type: Commercial
Topography: Level; Partially Cleared
Road Frontage: Paved
Road Access: Public Road
Sale Options: Consider Ground Lse; Fee Simple
Improvements: Driveway; Utilities on Site
Easements: None
Lot Description: Corner Lot; Irregular Lot
View: Mountain View
Documents on File: Other
Developmnt Potential: Commercial
Utilities Available: Cable TV; Electricity; Gas; Sewer; Telephone; Water
Zoning: Zoned Commercial
Present Structures: Residence
New Financing: Cash; Conventional; Lease Purchase; Owner Will Carry
Showing Instructions: See Agent Instructns
Listing Office: BHHS Dean-Smith Realty
Office Phone: 865-588-5000
Last Updated: February - 15 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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