0 Loudon TnLoudon, TN 37774

Property Details for 0 Loudon Tn

Lot size

5.00 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional commercial and residential land parcel presents a unique investment opportunity in Loudon, Tennessee. Located off Highway 72 and I-75, this strategically positioned property boasts a total acreage ranging from 5 to 30.7 acres. The rear acreage, zoned R-3 Urban Residential District, allows for the development of both single-family and multi-family dwellings, offering significant potential for residential construction. The property's impressive frontage of 968 feet on Highway 72 and 276 feet on Cedar Park Drive provides excellent visibility and accessibility. Its proximity to I-75 (just 0.25 miles away) ensures convenient access to major transportation routes. A developer could potentially extend Centre Park Drive to create multiple access points, enhancing the property's overall utility. The area surrounding the property is experiencing growth, with nearby amenities including fast-food restaurants, hotels, and a thriving single-family residential development featuring homes priced in the mid-to-upper $300,000 range. The property is zoned for Loudon County High School. Furthermore, the City of Loudon may offer red-light incentives and PILOT (Payment In Lieu Of Taxes) programs, potentially reducing development costs. Existing studies, including a traffic study, survey, and soil study, are available upon request. This property is ideal for a mixed-use development, combining retail or grocery space at the front with residential units at the rear, or for individual purchase while seeking a retail tenant for the highway frontage. The asking price is $1,840,500. The APN is 040 088.00/040 085.01.

Location Insight

City

Loudon

County

Loudon

State

Tennessee

Latitude

35.7167

Longitude

-84.3332

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