For Sale
$795,000

7218 Larkspur LnPowell, TN 37849

Prime Powell location, 3.22 acres, CA zoning.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3.22-acre commercial land parcel presents a remarkable development opportunity in the thriving Powell, Tennessee market. Situated at 7218 Larkspur Ln, Powell, TN 37849 (APN 067 09601), this property boasts 459 feet of frontage on Powell Drive, ensuring high visibility and accessibility. With a 2023 daily traffic count of 11,480 vehicles, this location offers unparalleled exposure for any commercial venture. The property's CA zoning allows for a wide range of development possibilities. Conveniently located approximately 400 yards from Clinton Highway, the site benefits from proximity to established retailers such as Walgreens, Food City, and Advance Auto Parts, creating a strong retail synergy. While a single-family residence currently occupies the land, the landlord can provide 60 days' notice to vacate, facilitating a smooth transition for development. Knox County has invested in significant flood mitigation efforts along the Powell Drive corridor, addressing potential concerns. To optimize the property's commercial potential, a curb cut on Powell Drive will be required. Importantly, this property is subject to county taxes only, eliminating city taxes, representing a significant cost advantage. This is a rare opportunity to acquire a strategically located, commercially zoned parcel in a rapidly growing area.

Highlights

  • $795,000 asking price.
  • 3.22-acre commercial land parcel.
  • CA zoning.
  • Located at 7218 Larkspur Ln, Powell, TN 37849 (APN 067 09601).
  • 459 feet of frontage on Powell Dr with high visibility and traffic counts.

Property Details for 7218 Larkspur Ln

Property type
Land
Lot Size (sq. ft)
140,263 SF

Location Insight

City
Powell
County
Knox
State
Tennessee
Latitude
36.0189872
Longitude
-84.0443616
7218 Larkspur Ln, Powell, Tennessee

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7218 Larkspur Ln
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