229 Emory RdPowell, TN 37849

Property Details for 229 Emory Rd

Year built

1988

Lot size

4.48 AC

Property size (Sq ft)

50,132 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

047PB01902

APU

047PB01902

Description

This exceptional 1-acre retail outparcel at 229 E Emory Rd, Powell, TN 37849 presents a unique opportunity for a single-tenant restaurant, drive-thru, or QSR establishment. Located in a high-growth area with excellent visibility and accessibility, this property boasts a prime location with a traffic signal and significant traffic counts. East Emory Road and I-75 see approximately 65,000 vehicles daily, while East Emory and Emory Road itself experiences approximately 25,000 vehicles daily. The surrounding demographics are strong, with a 3-mile radius boasting a population of 30,097 and an average household income of $91,282. This expands to 94,873 residents and $75,658 average household income within a 5-mile radius, and 351,427 residents and $78,131 average household income within a 10-mile radius. The property offers a ground lease option at $85,000 annually, NNN, or a build-to-suit option with pricing available upon request. This free-standing opportunity is ideal for businesses seeking high visibility and strong consumer demographics in a thriving retail market. Don't miss this chance to establish your business in a prime Powell, Tennessee location.

• CAP approach

  CAP return

  Valuation

  6%

  $17,713,960

  6.5%

  $16,351,348

  7%

  $15,183,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,468,513

  Geo Method

  $10,400,966

• Alternative Use

  Use

  Valuation

  Residential

  $13,792,973

  Hospitality

  $12,634,290

  Educational

  $10,511,581

  Medical

  $10,873,090

  Retail

  $16,351,348

Location Insight

City

Powell

County

Knox

State

Tennessee

Latitude

36.0463

Longitude

-84.0058

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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