11820 Kingston PikeFarragut, TN 37934

Property Details for 11820 Kingston Pike

Year built

1995

Construction

LIGHT FRAME

Lot size

2.39 AC

Property size (Sq ft)

6,892 SF

Property type

Retail properties

Property subtype

Banks

APN

152CJ024

APU

152CJ024

Description

This exceptional freestanding bank building, located at 11820 Kingston Pike in Farragut, Tennessee, presents a unique investment opportunity. The 6,914 square foot building sits on a generous 2.39-acre lot, offering ample parking and a prominent monument sign. Its strategic location on Kingston Pike, a major commercial artery with a daily traffic count of 28,315 vehicles, ensures high visibility and accessibility. The property boasts a four-lane drive-thru, a signalized corner providing two convenient points of ingress and egress, and is situated across from Ingles supermarket, further enhancing its appeal. Nearby retailers include Kohl's, Kroger, Aldi, Fresh Market, Planet Fitness, Pinnacle, First Horizon Bank, Regions, and Truist, creating a vibrant and thriving commercial environment. The property's ideal uses include a bank or credit union, quick-service restaurant, casual diner, convenience store, or light medical facility. This is a rare opportunity to acquire a well-positioned, high-traffic retail property in the desirable Farragut area, part of the Knoxville metropolitan area, a thriving community with a population exceeding 23,506 and proximity to the University of Tennessee. The property's size, location, and amenities make it an attractive option for a variety of businesses seeking a strong presence in this dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,777,984

  6.5%

  $1,641,216

  7%

  $1,523,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,387,771

  Geo Method

  $3,387,771

• Alternative Use

  Use

  Valuation

  Residential

  $1,384,427

  Hospitality

  $1,268,128

  Educational

  $1,055,067

  Medical

  $1,091,353

  Retail

  $1,641,216

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.8738

Longitude

-84.1752

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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