737 Lovell RdKnoxville, TN 37934

Property Details for 737 Lovell Rd

Year built

1998

Construction

STEEL FRAME

Lot size

2.81 AC

Property size (Sq ft)

22,000 SF

Property type

Outlet malls

APN

131 00901

APU

13100901

Description

This exceptional 1-acre retail property, located at 737 Lovell Rd in Knoxville, Tennessee (zip code 37934), presents a unique investment opportunity. Zoned CB, this single-tenant pad-ready site offers immediate availability for build-to-suit development or ground lease. Situated in Knox County, the property boasts convenient access and direct road frontage, making it highly visible and easily accessible to customers. The location benefits from a rapidly growing residential market, further enhancing its potential for success. A significant advantage is the soon-to-open new bypass, which will improve traffic flow and accessibility to the site. The property is ideal for a wide range of retail uses. While Tract 2, as shown in some marketing materials, is now under state ownership, this offering focuses solely on the described 1-acre parcel. This prime location offers significant potential for long-term growth and profitability. Serious inquiries are encouraged to explore this compelling opportunity to establish a thriving retail presence in a dynamic Knoxville market. The property's latitude and longitude coordinates are 35.91320414736843 and -84.15192835073906 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $5,675,515

  6.5%

  $5,238,936

  7%

  $4,864,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,814,126

  Geo Method

  $10,814,126

• Alternative Use

  Use

  Valuation

  Residential

  $4,419,239

  Hospitality

  $4,047,999

  Educational

  $3,367,888

  Medical

  $3,483,715

  Retail

  $5,238,936

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9124

Longitude

-84.1523

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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