N Highway 321, Lenoir City, TN 37771
(MLS # 1310727)

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PRICE $695,900 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 9.16 ac Request More Info Schedule a Showing

Experience unparalleled commercial development potential on this spectacular 9.16± acre highway frontage property located within the city limits of Lenoir City, Tennessee. This premium site"”Tract 2 of a 2-tract assemblage"”offers approximately 366 feet of valuable frontage on Highway 321 North, ensuring maximum roadside visibility, along with direct line-of-sight from Interstate 40 for unmatched exposure to regional and interstate traffic. The property is strategically positioned just off I-40 Exit 364 with approximately 200 feet abutting the State Interstate Right-of-Way, enhancing both visual prominence and access. Zoned C-3 Highway Commercial District, the site allows for a wide range of high-impact commercial uses including shopping centers, big-box retail, restaurants, fast food with drive-thru capabilities, gas stations, hotels, motels, travel centers, truck stops, automotive dealerships, commercial vehicle service businesses, equipment rental or sales, and professional service operations. The flexible zoning and development standards support both national brand tenants and local operators, making it ideal for highway-oriented businesses and regional commercial draw. The property also benefits from full utility availability at the road, including sewer, water, electric, and telecommunications, which streamlines development timelines and infrastructure planning. Verified 2024 traffic data highlights exceptional exposure: Westbound Exit 364 sees 3,844 vehicles daily, Westbound Entrance 4,406, Eastbound Exit 5,103, and Eastbound Entrance 3,607"”totaling over 16,950 vehicles accessing Exit 364 daily, in addition to broader I-40 visibility. An adjacent 9.78± acre parcel (MLS #_______________) is also available and can be purchased together with this tract to create a nearly 19-acre assemblage offering expanded frontage, greater development flexibility, and a discounted price incentive if both tracts are acquired together. As an added investment opportunity, the combined acreage has potential for rezoning to multifamily use and could support the development of up to 300 residential units. This rare offering delivers high visibility, direct interstate connectivity, strong utility access, flexible commercial or residential use options, and bundle pricing advantages"”making it ideal for developers, investors, or business owners seeking a commanding presence in one of East Tennessee's most rapidly growing corridors. Buyer to verify all information.