Highway 321 Hwy, Lenoir City, TN 37771

$2,640,000
Property Type: Lots & Acreage Lot Size (sq. ft.): 2,831,400 Status: Pending
Current Price: $2,640,000 List Date: 1/22/2025 Last Modified: 6/04/2025

Description

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.

More Information MLS# 1245203

Location, Tax & Legal Info

Area: Loudon County - 32 City/County Code: City Limits Total Tax: 620.78

Contract Info

Auction Y/N: No Listing Price: 2640000 Current Price: $2,640,000 Status: Pending Listing Date: 2023-11-06

General Property Description

Lot Dimensions: irregular Acres: 65 Acre Source: Survey Restrictions: No Property Status: N/A

Remarks & Misc

Directions: From the I-75 US Hwy 321 exit go west 2.6 miles on 321 and tract is on the left. Public Remarks: 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.

Property Sub-Type

Commercial: 1 Industrial: 1 Single Family: 1 Other: 1

Topography

Rolling: 1

Road Access

Interstate Access: 1 Interstate Exposure: 1 U.S. Highway: 1

Road Frontage

Paved: 1 State: 1

Sale Options

Fee Simple: 1

Improvements

None: 1

Lot Description

Rolling Slope: 1 Other: 1

Easements

None: 1

View

Mountain View: 1

Community Amenities

Other: 1

Documents on File

Survey: 1 Topography Map: 1

Developmnt Potential

Commercial: 1 Industrial: 1 Multi-Family: 1 Subdivision: 1

Utilities Available

Cable TV: 1 Electricity: 1 Gas: 1 Sewer: 1 Telephone: 1 Water: 1

Zoning

Zoned Commercial: 1

Present Structures

None: 1

Undeveloped

Interstate Access: 1 Interstate Exposure: 1

New Financing

Cash: 1

Location Tax Legal Info

Street Name: Highway 321 St Suffix: Hwy State/Province: TN Zip Code: 37771 PIN #: 009 108.00 & 110.00 Geo Lat: 35.846733 Geo Lon: -84.31927

Status Change Info

Status Change Date: 2025-06-04 Under Contract Date: 2025-06-04

Property Features

Property Sub-Type: Commercial; Industrial; Single Family; Other Topography: Rolling Road Frontage: Paved; State Road Access: Interstate Access; Interstate Exposure; U.S. Highway Sale Options: Fee Simple Improvements: None Easements: None Community Amenities: Other Lot Description: Rolling Slope; Other View: Mountain View Documents on File: Survey; Topography Map Developmnt Potential: Commercial; Industrial; Multi-Family; Subdivision Utilities Available: Cable TV; Electricity; Gas; Sewer; Telephone; Water Zoning: Zoned Commercial Present Structures: None Undeveloped: Interstate Access; Interstate Exposure New Financing: Cash
Listing Office: AFM Real Estate
Office Phone: 865-248-8315
Last Updated: June - 04 - 2025
Highway 321 Hwy, Lenoir City, TN 37771- MLS# 1245203
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