Highway 321, Lenoir, TN 37771

Description

The +/-65 acre Lenoir City property is located along Hwy 321 between Interstates 40 and 75. The property is 1.6 miles south of the I-40 exit and 3.4 miles north of the I-75 exit in Lenoir City, TN. Highway 321 is four-lane and carries high daily traffic counts. The property lies within a 30-minute drive of Knoxville one of Tennessee's fastest growing cities.

A modern survey is available that shows over 3,740 feet of highway frontage. A paved city street bisects the property and accesses a new residential subdivision currently under construction. Sewer, public water, gas, electricity, internet, and phone are available along the highway and city road frontage. Tax parcel 053 009 108000 000 2023 is currently zoned as R-1 Low Density Residential District within Lenoir City. Tax parcel 053 009 11000 000 2023 is zoned R-1 Suburban Residential within Loudon County.

New residential development is in progress to the north and west of this tract as well as new commercial development along this same corridor. The location within the city limits of Lenoir City makes for less restrictive residential development potential relative to other locations in Loudon County outside the city limits. The subject property is minutes from area shopping at exit 81 on I-75 in Lenoir City. The Great Smoky Mountains are within an hours drive and there are three local TVA lakes in the immediate area. This tract has potential for many uses in a fast growing and desirable area of eastern Tennessee.