This image portrays 18.94+/- acres of Commercial Land - Highway 321 N - Lenoir City, TN 37771 by Powell Auction & Realty.

Organizer

Powell Auction & Realty, LLC
Phone
865-938-3403

Other Organizers

Kenny Phillips | Lic #2385
Phillip Hopper | Lic #6709
ONLINE BIDDING

Location

Online only

More Info

ONLINE BIDDING

Date

Jul 31 2025

Time

BIDDING BEGINS TO CLOSE AT 12:00PM - Noon (ET)
12:00 pm

18.94+/- acres of Commercial Land – Highway 321 N – Lenoir City, TN 37771

ONLINE ONLY REAL ESTATE AUCTION

Exceptional Highway Commercial Development Land with Interstate Visibility Offered in 2 Tracts

BIDDING BEGINS TO CLOSE:
Thursday, July 31st
at 12:00PM – Noon (ET)

EXPERIENCE UNPARALLELED COMMERCIAL OPPORTUNITY ON THIS SPECTACULAR 18.94+/- ACRE HIGHWAY FRONTAGE PROPERTY INSIDE THE CITY LIMITS OF LENOIR CITY – OFFERED IN 2 TRACTS

Featuring 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.

PREMIUM HIGHWAY FRONTAGE POSITIONING

This exceptional commercial site provides ultimate highway commercial advantages, offering:

  • Approximately 732 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility
  • Direct visibility from Interstate 40 providing unmatched exposure to regional traffic
  • Strategic positioning just off Exit 364 for optimal accessibility
  • Approximately 1,153 feet touching State Interstate Right-of-Way maximizing visibility
  • Large-scale development capacity with nearly 19 acres of commercial-zoned land
  • All utilities available to the property including sewer

SUPERIOR ZONING AND DEVELOPMENT BENEFITS

The C-3 Highway Commercial District designation provides maximum commercial flexibility:

  • Highway Commercial zoning allowing diverse commercial applications
  • Accommodates retail centers, restaurants, hotels, gas stations, and automotive services
  • Flexible development standards for highway-oriented businesses
  • Established commercial corridor with supporting infrastructure
  • Premium zoning classification for high-impact commercial ventures

EXCEPTIONAL TRAFFIC EXPOSURE AND DATA

This premier location offers documented high-volume traffic exposure with 2024 Average Daily Traffic Counts:

  • Westbound Exit 364 – 3,844 vehicles daily
  • Westbound Entrance – 4,406 vehicles daily
  • Eastbound Exit 364 – 5,103 vehicles daily
  • Eastbound Entrance – 3,607 vehicles daily
  • Combined daily exposure exceeding 16,950 vehicles accessing Exit 364
  • Interstate 40 visibility providing additional regional traffic exposure

DIVERSE HIGHWAY COMMERCIAL OPPORTUNITIES

LARGE-SCALE RETAIL DEVELOPMENT Capitalize on high-traffic interstate location with:

  • Shopping centers and big-box retail with regional draw
  • Highway-visible retail ensuring maximum customer attraction
  • Tourist and local traffic supporting year-round commerce
  • Interstate accessibility attracting regional shoppers

HOSPITALITY AND TRAVEL SERVICES Perfect for interstate-oriented hospitality including:

  • Hotels and motels serving interstate travelers
  • Restaurants and fast-food establishments with drive-through capabilities
  • Travel centers and convenience stores
  • Gas stations and automotive services

AUTOMOTIVE AND SERVICE BUSINESSES Strategic location for highway-related services:

  • Automotive dealerships with interstate visibility
  • Truck stops and commercial vehicle services
  • Equipment sales and rental facilities
  • Professional services serving regional market

HIGHWAY COMMERCIAL INVESTMENT ADVANTAGES

  • Prime Interstate 40 corridor in established commercial zone
  • Documented high traffic counts ensuring consistent customer exposure
  • C-3 Highway Commercial zoning offering maximum development flexibility
  • Dual highway frontage on Highway 321 N with interstate right-of-way access
  • Large development capacity with nearly 19 acres for substantial projects
  • Exit 364 proximity providing immediate interstate accessibility

DEVELOPMENT READY ADVANTAGES

This property offers immediate large-scale development benefits:

  • Highway Commercial zoning reducing development approval timeline
  • Substantial acreage accommodating major commercial projects
  • Interstate visibility supporting regional business attraction
  • High traffic documentation supporting financing and planning
  • Established commercial corridor with utility access
  • Potential to be rezoned for Multifamily with the ability to build up to 300 units

STRATEGIC MARKET POSITION

The surrounding interstate corridor offers strong commercial fundamentals:

  • Major interstate highway ensuring consistent regional traffic flow
  • Established commercial development creating business synergies
  • Tourist and commercial traffic supporting diverse business types
  • Regional accessibility attracting customers from wide geographic area
  • Economic growth corridor supporting long-term commercial viability

TRAFFIC AND ACCESSIBILITY ANALYSIS

The documented 2024 traffic data demonstrates exceptional commercial potential:

  • Over 16,950 combined daily vehicle movements at Exit 364
  • Balanced traffic flow in both directions maximizing exposure
  • Interstate travelers representing diverse customer demographics
  • Regional accessibility supporting destination businesses
  • Consistent traffic patterns supporting reliable revenue projections

This 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.

Don’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!

TRACT 1 | 9.78+/- Acres

  • Approximately 366 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility
  • Direct visibility from Interstate 40 providing unmatched exposure to regional traffic
  • Strategic positioning just off Exit 364 for optimal accessibility
  • Approximately 953 feet touching State Interstate Right-of-Way maximizing visibility
  • Large-scale development capacity of commercial-zoned land
  • All utilities available to the property including sewer

Loudon County Parcel / Tax IDs:

002  086.00

Yearly Property Taxes:

$1,864.12 – total yearly taxes | $755.22 – Lenoir City and $1,108.90 – Loudon County

Lot Size:

9.78 +/- acres

TRACT 2 | 9.16+/- Acres

  • Approximately 366 feet of valuable Highway 321 N frontage ensuring maximum roadside visibility
  • Direct visibility from Interstate 40 providing unmatched exposure to regional traffic
  • Strategic positioning just off Exit 364 for optimal accessibility
  • Approximately 200 feet touching State Interstate Right-of-Way maximizing visibility
  • Large-scale development capacity of commercial-zoned land
  • All utilities available to the property including sewer

Loudon County Parcel / Tax IDs:

002  086.01

Yearly Property Taxes:

$1,710.68 – total yearly taxes | $693.05 – Lenoir City and $1,017.62 – Loudon County

Lot Size:

9.16 +/- acres

Real 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.

Executive 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.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell 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.**

Thank 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.

New Bidders, please Pre-Register, we will have to approve you to Bid!