Listing Saved
Email Sent

Sam's & Amazon Adjacent Parcel

Knoxville, TN 37924

Knox County, Tennessee

2.41 Acres
Land Auction
June 30, 2021 12:00 PM
Create a FREE Land Buyer Profile or sign in to save this auction. DISMISS

Land Description

2.41 AC Parcel - Sam's Club and Amazon Distribution Center Adjacent

Marketplace Online Auction June 28-30

Investment Highlights

±2.41 AC Walmart, Sam's Club, & future Amazon Fulfillment Center outparcel within dense Knoxville submarket

Positioned near busy interchange of I-640 with ±58,495 VPD and Millertown Pike with ±21,000 Vpd

Flexible C-R-2 Commercial Zoning ideal for retail, office, self-storage, and numerous others

Dense retail corridor including Lowe's, Walmart, Sam's Club, Aldi, Food City, Ollie's, Office Max, Arby's, Zaxby's, Pizza Hut, Taco Bell, Krystal, Burger King, Kfc, and McDonalds on nearby parcels

Future Amazon Fulfillment (scheduled 2022 opening) located on adjacent parcel

±97,985 residents with average household income of $59,984 within a 5-mile radius

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±2.41 AC commercial land parcel (“Property”) located on the south side of the former Knoxville Center Mall along Kinzel Way and Miller Place Way in Knoxville, Tennessee. The Property offers an exceptional investment opportunity to develop a parcel within a dense retail corridor and adjacent to a future Amazon Fulfillment Center.

The Property is an outparcel to Sam's Club and consists of ±2.41 acres (±1.67 useable acres) with numerous national retailers in the immediate vicinity. The Property benefits from direct access to Millertown Pike with ±21,004 vehicles per day and another ±58,495 vehicles per day on I-640. The Property is in a robust trade area near numerous retail demand generators. Nearby national retailers include Lowe's, Walmart, Sam's Club, Ollie's, Aldi's, Arby's, Pizza-Hut, Taco Bell, Krystal, Burger King, Kfc, McDonald's, Office Max, and Zaxby's. The Property further benefits from being shadow anchored by Aldi's and Food City, two strong national grocers located on parcels across from the Property. Knoxville Center Mall, previously located on the adjacent parcel, was recently demolished to make way for an Amazon Fulfillment Center with a scheduled opening in 2022. The property is zoned C-R-2 Commercial Zoning ideal for retail, office, self-storage, and numerous others uses.

Knoxville is a city and county seat of Knox County in the state of Tennessee. The city had an estimated population of 187,603 in 2019, making it Tennessee's third largest city after Nashville and Memphis. As one of the largest cities in the Appalachian region, Knoxville has positioned itself in recent years as a repository of Appalachian culture and is one of the gateways to the Great Smoky Mountains National Park. The two principal interstate highways serving Knoxville are Interstate 40, which connects the city to Asheville (directly) and Bristol (via I-81) to the east and Nashville to the west, and Interstate 75, which connects the city to Chattanooga to the south and Lexington to the north. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2020 population of ±97,985 people and an average household income of $59,984 within a 5-mile radius. The area has benefited from significant population growth of ±8% from 2010-2021, with an additional ±4% growth projected from 2021- 2026 (5-mile radius).

Auctioneer:

John Roebuck

c/o Fisher Auction Company Inc.

License: 1702 TN Broker No. 00022430

Land Maps & Attachments

More Land Details

Commercial Zoning
AUCTIONFLIP ID
279481
Posted on AUCTIONFLIP
31 Days Ago
Last Updated
31 Days Ago
Views
44
Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.