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Knoxville Msa, 18K Vpd

Strawberry Plains, TN 37871

Jefferson County, Tennessee

1.96 Acres
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Knoxville Msa, 18K Vpd : Strawberry Plains : Jefferson 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 ±1.96-Acre development opportunity located adjacent to 2821 W Highway 11E (the “Property”) in Strawberry Plains, Tennessee. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property consists of 1.96 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 Rush Strong Elementary, Usps, Nyrstar Quarry and Mines, and numerous local retailers. The Property benefits from highly favorable A-1, Agricultural-Foresty District zoning that allows for a wide variety of uses including service station, restaurant, drug store, personal services, residential, and others. The Property is poised to benefit from its location in a high traffic area with ±18,285 vehicles per day on US Highway 11E and an additional ±4,106 vehicles per day on State Highway 139, just south of the Property.

Situated just east of Knoxville, Strawberry Plains benefits from its strategic location along major transportation routes such as Interstate 40 and U.S. Highway 11E, providing easy access to the greater Knoxville metropolitan area and beyond. The area's economy is diverse, with key sectors including agriculture, manufacturing, and mining. Additionally, the ongoing residential and commercial developments reflect the area's growth potential. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±68,506 people and average annual household income of within a 10-mile radius. The area has benefited from population growth of ±11.8% from 2010-2023 and will continue to benefit from a population that is expanding, with ±6.98% growth projected from 2023-2028 (10-Mile radius).

John Roebuck

c/o Fisher Auction Company Inc.

License: 1702

Tn Broker No. 00022430

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. Buyers should exercise their own due diligence when purchasing real estate. AUCTIONFLIP is not a party to any portion of the real estate transaction between a buyer and seller on this site. Contact the seller directly regarding this listing.
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