140 Green RdKnoxville, TN 37920

Property Details for 140 Green Rd

Year built

2005

Construction

STEEL FRAME

Lot size

16.06 AC

Property size (Sq ft)

106,802 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

124 17702

APU

12417702

Description

This ±1.4-acre commercial land parcel presents a unique investment opportunity in Knoxville, Tennessee. Strategically located at 140 Green Rd, this development site boasts exceptional visibility and accessibility, situated directly in front of a Home Depot and adjacent to a Walmart Supercenter. The property's prime location within a thriving retail corridor ensures high traffic volume and strong consumer demographics. The surrounding area is densely populated with a variety of established businesses, including Walgreens, CVS Pharmacy, Lowe's, Burger King, Dollar Tree, Cato, Regions Bank, Truist Bank, Pizza Hut, Ruby Tuesday, and Chick-fil-A, creating a robust and diverse commercial environment. This outlot offers significant potential for a wide range of commercial developments, capitalizing on the high foot traffic and strong retail presence. Its proximity to the Great Smoky Mountains National Park further enhances its appeal, attracting both local and tourist traffic. The property is zoned for commercial use (specific zoning information should be independently verified). This exceptional location and substantial lot size make this an ideal opportunity for investors seeking high-return commercial development in a rapidly growing area of Knoxville. The property is offered for sale and ready for immediate development. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a premier commercial property in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $40,165,464

  6.5%

  $37,075,816

  7%

  $34,427,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,158,382

  Geo Method

  $22,158,382

• Alternative Use

  Use

  Valuation

  Residential

  $31,274,836

  Hospitality

  $28,647,582

  Educational

  $23,834,452

  Medical

  $24,654,156

  Retail

  $37,075,816

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9129

Longitude

-83.8462

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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