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X-WR-CALNAME:Powell Auction & Realty
X-WR-CALDESC:East TN's Auction Experts
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UID:MEC-9fd78e7fff0b21e47ac2fcbd4fbf8797@powellauction.com
DTSTART:20250731T160000Z
DTEND:20250731T170000Z
DTSTAMP:20250625T184300Z
CREATED:20250625
LAST-MODIFIED:20250724
PRIORITY:5
SEQUENCE:124
TRANSP:OPAQUE
SUMMARY:18.94+/- acres of Commercial Land – Highway 321 N – Lenoir City, TN 37771
DESCRIPTION:[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” width_tablet=”80%” width_phone=”80%” width_last_edited=”on|tablet” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”]\nONLINE ONLY REAL ESTATE AUCTION\nExceptional Highway Commercial Development Land with Interstate Visibility Offered in 2 Tracts\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.20.4″ _module_preset=”default” width=”100%” width_tablet=”80%” width_phone=”80%” width_last_edited=”on|tablet” max_width=”100%” custom_margin=”|auto||0px||” custom_padding=”3%|3%|3%|3%|true|true” border_width_all=”2px” border_color_all=”#FFA503″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” width=”100%” global_colors_info=”{}”]\nBIDDING BEGINS TO CLOSE:Thursday, July 31stat 12:00PM – Noon (ET)\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.20.4″ _module_preset=”default” width=”100%” width_tablet=”80%” width_phone=”80%” width_last_edited=”on|tablet” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_gallery gallery_ids=”63825,63826,63827,63828,63829,63830,63834,63837,63840,63843,63844,63845,63846,63847,63848,63849,63850,63851,63852,63853,63856,63861,63865,63866,63868,63869,63870,63871,63872″ posts_number=”8″ show_title_and_caption=”off” _builder_version=”4.20.4″ _module_preset=”default” dbdb_version=”4.8.5″ global_colors_info=”{}”][/et_pb_gallery][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”15px|||||” global_colors_info=”{}”]\nEXPERIENCE UNPARALLELED COMMERCIAL OPPORTUNITY ON THIS SPECTACULAR 18.94+/- ACRE HIGHWAY FRONTAGE PROPERTY INSIDE THE CITY LIMITS OF LENOIR CITY – OFFERED IN 2 TRACTS\nFeaturing direct Interstate 40 visibility and prime C-3 Highway Commercial District zoning, this strategically positioned development site offers a total of approximately 732 feet of frontage on Highway 321 N and an impressive approximate 1,153 feet touching the State Interstate Right-of-Way, providing maximum exposure to high-volume traffic flows just off Exit 364.\nPREMIUM HIGHWAY FRONTAGE POSITIONING\nThis exceptional commercial site provides ultimate highway commercial advantages, offering:\n\nApproximately 732 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility\nDirect visibility from Interstate 40 providing unmatched exposure to regional traffic\nStrategic positioning just off Exit 364 for optimal accessibility\nApproximately 1,153 feet touching State Interstate Right-of-Way maximizing visibility\nLarge-scale development capacity with nearly 19 acres of commercial-zoned land\nAll utilities available to the property including sewer\n\nSUPERIOR ZONING AND DEVELOPMENT BENEFITS\nThe C-3 Highway Commercial District designation provides maximum commercial flexibility:\n\nHighway Commercial zoning allowing diverse commercial applications\nAccommodates retail centers, restaurants, hotels, gas stations, and automotive services\nFlexible development standards for highway-oriented businesses\nEstablished commercial corridor with supporting infrastructure\nPremium zoning classification for high-impact commercial ventures\n\nEXCEPTIONAL TRAFFIC EXPOSURE AND DATA\nThis premier location offers documented high-volume traffic exposure with 2024 Average Daily Traffic Counts:\n\nWestbound Exit 364 – 3,844 vehicles daily\nWestbound Entrance – 4,406 vehicles daily\nEastbound Exit 364 – 5,103 vehicles daily\nEastbound Entrance – 3,607 vehicles daily\nCombined daily exposure exceeding 16,950 vehicles accessing Exit 364\nInterstate 40 visibility providing additional regional traffic exposure\n\nDIVERSE HIGHWAY COMMERCIAL OPPORTUNITIES\nLARGE-SCALE RETAIL DEVELOPMENT Capitalize on high-traffic interstate location with:\n\nShopping centers and big-box retail with regional draw\nHighway-visible retail ensuring maximum customer attraction\nTourist and local traffic supporting year-round commerce\nInterstate accessibility attracting regional shoppers\n\nHOSPITALITY AND TRAVEL SERVICES Perfect for interstate-oriented hospitality including:\n\nHotels and motels serving interstate travelers\nRestaurants and fast-food establishments with drive-through capabilities\nTravel centers and convenience stores\nGas stations and automotive services\n\nAUTOMOTIVE AND SERVICE BUSINESSES Strategic location for highway-related services:\n\nAutomotive dealerships with interstate visibility\nTruck stops and commercial vehicle services\nEquipment sales and rental facilities\nProfessional services serving regional market\n\nHIGHWAY COMMERCIAL INVESTMENT ADVANTAGES\n\nPrime Interstate 40 corridor in established commercial zone\nDocumented high traffic counts ensuring consistent customer exposure\nC-3 Highway Commercial zoning offering maximum development flexibility\nDual highway frontage on Highway 321 N with interstate right-of-way access\nLarge development capacity with nearly 19 acres for substantial projects\nExit 364 proximity providing immediate interstate accessibility\n\nDEVELOPMENT READY ADVANTAGES\nThis property offers immediate large-scale development benefits:\n\nHighway Commercial zoning reducing development approval timeline\nSubstantial acreage accommodating major commercial projects\nInterstate visibility supporting regional business attraction\nHigh traffic documentation supporting financing and planning\nEstablished commercial corridor with utility access\nPotential to be rezoned for Multifamily with the ability to build up to 300 units\n\nSTRATEGIC MARKET POSITION\nThe surrounding interstate corridor offers strong commercial fundamentals:\n\nMajor interstate highway ensuring consistent regional traffic flow\nEstablished commercial development creating business synergies\nTourist and commercial traffic supporting diverse business types\nRegional accessibility attracting customers from wide geographic area\nEconomic growth corridor supporting long-term commercial viability\n\nTRAFFIC AND ACCESSIBILITY ANALYSIS\nThe documented 2024 traffic data demonstrates exceptional commercial potential:\n\nOver 16,950 combined daily vehicle movements at Exit 364\nBalanced traffic flow in both directions maximizing exposure\nInterstate travelers representing diverse customer demographics\nRegional accessibility supporting destination businesses\nConsistent traffic patterns supporting reliable revenue projections\n\nThis exceptional 18.94+/- acre highway commercial property represents a rare opportunity to secure prime Interstate 40 frontage real estate with C-3 zoning and documented high-traffic exposure. Whether you envision large-scale retail development, hospitality ventures, automotive services, or other highway commercial applications, this strategically positioned property offers unmatched visibility and accessibility for commercial success.\nDon’t miss this chance to establish your presence on one of East Tennessee’s premier interstate commercial corridors with proven traffic volumes and maximum development potential!\n\n[/et_pb_text][et_pb_divider divider_weight=”4px” _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][/et_pb_divider][et_pb_gallery gallery_ids=”63825,63826,63827,63828,63829,63830,63831,63832,63833,63834,63835,63836,63837,63838,63839,63840,63841,63842,63843,63844,63845,63846,63847,63848,63849,63850,63851,63852″ posts_number=”8″ show_title_and_caption=”off” _builder_version=”4.20.4″ _module_preset=”default” dbdb_version=”4.8.5″ global_colors_info=”{}”][/et_pb_gallery][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”15px|||||” global_colors_info=”{}”]\nTRACT 1 | 9.78+/- Acres\n\nApproximately 366 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility\nDirect visibility from Interstate 40 providing unmatched exposure to regional traffic\nStrategic positioning just off Exit 364 for optimal accessibility\nApproximately 953 feet touching State Interstate Right-of-Way maximizing visibility\nLarge-scale development capacity of commercial-zoned land\nAll utilities available to the property including sewer\n\nLoudon County Parcel / Tax IDs:\n002  086.00\nYearly Property Taxes:\n$1,864.12 – total yearly taxes | $755.22 – Lenoir City and $1,108.90 – Loudon County\nLot Size:\n9.78 +/- acres\n\n[/et_pb_text][et_pb_divider divider_weight=”4px” _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][/et_pb_divider][et_pb_gallery gallery_ids=”63853,63854,63855,63856,63857,63858,63859,63860,63861,63862,63863,63864,63865,63866,63867,63868,63869,63870,63871,63872″ posts_number=”8″ show_title_and_caption=”off” _builder_version=”4.20.4″ _module_preset=”default” dbdb_version=”4.8.5″ global_colors_info=”{}”][/et_pb_gallery][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”15px|||||” global_colors_info=”{}”]\nTRACT 2 | 9.16+/- Acres\n\nApproximately 366 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility\nDirect visibility from Interstate 40 providing unmatched exposure to regional traffic\nStrategic positioning just off Exit 364 for optimal accessibility\nApproximately 200 feet touching State Interstate Right-of-Way maximizing visibility\nLarge-scale development capacity of commercial-zoned land\nAll utilities available to the property including sewer\n\nLoudon County Parcel / Tax IDs:\n002  086.01\nYearly Property Taxes:\n$1,710.68 – total yearly taxes | $693.05 – Lenoir City and $1,017.62 – Loudon County\nLot Size:\n9.16 +/- acres\n\n[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” width_tablet=”80%” width_phone=”80%” width_last_edited=”on|tablet” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.20.4″ _module_preset=”default” da_disable_devices=”off|off|off” box_shadow_style=”preset1″ global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”]\nReal Estate Terms:Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.\nExecutive Real Estate Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before August 29th, 2025.\nThe contract will not be contingent upon financing, inspections or any other contingencies.\nPowell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**\nThank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.\nNew Bidders, please Pre-Register, we will have to approve you to Bid!\n[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]\n
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