Knoxville Msa 2.07 Acres
Rutledge, TN 37861
Grainger County, Tennessee
Land Description
RI Marketplace Online Auction August 12-14, 2024.
Register to bid and access due diligence on Marketplace.
Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.07-Acre development opportunity located adjacent to 6832 Tn-92 (the “Property”) in Rutledge, Tennessee. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property consists of 2.07 acres of vacant land adjacent to Dollar General. The Property is in a robust trade area near a mix of residential and commercial traffic drivers including Buffalo Springs Waterfall, Cherokee Dam Park and Reservoir, and numerous local retailers. Grainger County does not have a zoning ordinance, making this site suitable for a variety of commercial uses via adaptive reuse or repositioning. The Property is poised to benefit from its location in a high traffic area with ±5,675 vehicles per day on State Route 92.
Rutledge is strategically located in Grainger County along US Highway 11W providing easy access to Knoxville, Tennessee (±30-Miles). The presence of Cherokee Lake nearby adds to the town's appeal, offering recreational opportunities that attract both residents and visitors. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±52,356 people and average annual household income of within a 10-mile radius. The area has benefited from population growth of ±3.4% from 2010-2023 and will continue to benefit from a population that is expanding, with ±1.4% growth projected from 2023-2028 (10-Mile radius).
John Roebuck
c/o Fisher Auction Company Inc.
License: 1702
Tn Broker No. 00022430
