Walmart & Lowe's OUTPARCEL

Vacant Land for Sale
Catylist Listing ID: 30009765
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 5.95 Acres
Sale Price: $999,000
Unit Price: $167,899 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

Walmart Supercenter & Lowe's OUTPARCEL in Elizabethton's Arterial Business District. Ideal for High Energy retail / restaurant / entertainment development.

The City of Elizabethton is ready with development tools: TIF, tax abatements and streamlined approval process.

All city amenities and utilities are available. Easy access off W. Elk Avenue / Hwy 321

See attached: Proposed site plans for a 57,595 SF Retail Center or an 8 Screen Theatre.

B2 Zoning allows: Shopping Center, Grocery Store, Hotel, Restaurant, Auto & Mobile Home Sales, Amusement & Assembly Self Service Storage, Professional / Business / Medical / Lawyer / Dentists / Architects Offices, Real estate and insurance agencies, Nursing Homes, Public Owned Bldg., Public & Private Schools, Non-profit organizations & clubs, Drug store, Funeral Home, Bank & Lending Institutions, Churches, Home Occupations, Single and Multi Family dwellings, (Some uses are by right and some uses are by right with restrictions)

Population: 1 Mile: 5,099 / 3 Miles: 20,756 / 5 Miles: 43,371
Avg HH Income: 1 Mile: $47,417 / 3 Miles: $42,447 / 5 Miles: $44,099

Traffic count at lighted intersection - 28,545 vehicles per day

City/County combined Taxes: $13,957

I-26 take Exit 24 to Hwy 321 toward Elizabethton. Travel 6 Miles on W. Elk Avenue/US Hwy 321/TN Hwy 91. Left at Over Mountain Drive lighted intersection. Property is to the right when facing Walmart. Other W. Elk access - Left at Wallace Ave (going toward Lowe's) then Left on Patriot Drive, Right on Stonewall Jackson Drive.

Additional Details

Nearest MSA: Johnson City
County: Carter
Zoning: B2
Largest Nearby Street: W. Elk Ave. / Hwy 321
Zoning Description: B2
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,099 20,756 42,140
Median Age: 42.52 42.36 40.35
Households: 2,170 8,766 17,806


Photograph of Listing Agent

Tina Holt

Green Commercial Realty, Inc.
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.