$695,900

0 Highway 321 N Unit 1310729 Lenoir City, TN 37771

Estimated payment $3,999/month

Total Views 461
10 Acres
$71,155 Price per Acre
426,017 Sq Ft Lot

About This Lot

Experience unparalleled commercial development potential on this spectacular 9.78± acre highway frontage property located within the city limits of Lenoir City, Tennessee. As Tract 1 of a two-tract assemblage, this property offers an outstanding location with approximately 366 feet of valuable frontage along Highway 321 North and approximately 956 feet directly bordering the State Interstate Right-of-Way, maximizing exposure to daily traffic from Interstate 40. The site benefits from exceptional topography for commercial development, and its proximity to Exit 364—less than a quarter mile away—ensures outstanding accessibility for customers and freight alike. Zoned C-3 Highway Commercial District, this property allows for a wide variety of high-impact commercial uses, including but not limited to shopping centers, big-box retail, restaurants, hotels and motels, gas stations, automotive dealerships and services, equipment rental and sales, professional service businesses, and travel-related operations such as convenience stores or truck stops. All major utilities—including sewer, water, electric, natural gas, and telecommunications—are available at the road, eliminating infrastructure delays and reducing up-front development costs. Traffic count data from 2024 confirms significant demand with over 16,950 vehicles per day accessing Exit 364: 3,844 westbound exit, 4,406 westbound entrance, 5,103 eastbound exit, and 3,607 eastbound entrance, not including general I-40 traffic volumes. The site's substantial frontage and configuration make it suitable for both single-user and multi-tenant commercial layouts, and its exposure to both interstate and highway traffic offers a rare marketing and visibility advantage for anchor tenants or national franchises. Additionally, an adjoining 9.16± acre parcel (MLS #_______________) is also available, offering the opportunity to assemble nearly 19 total acres of contiguous highway-commercial-zoned property. If purchased together, the seller may consider a price reduction incentive, making this an ideal opportunity for phased commercial development, dual-site use, or large-scale rezoning. The combined parcels may also qualify for multifamily rezoning, with the potential to build up to 300 residential units across the full 18.94± acres. Whether you are a developer, national brand, investor, or commercial user seeking high-traffic exposure with full infrastructure and flexible zoning, this site provides a truly rare opportunity in one of East Tennessee's fastest-growing corridors. Buyer to verify all information.

Listing Agent

Azaan Kherani

Southland Realtors, Inc License #377887 Listed on: 08/02/2025

Southland Realtors, Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,864

Lot Details

  • 9.78 Acre Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as Zoned Commercial

Utilities

  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 002 086.00

Property Details

Property Type

Land

Est. Annual Taxes

$1,864

Lot Details

0

Listing Details

  • Directions: From I-40, take exit 364. Head north on Hwy 321 toward Oak Ridge. The property will be on the left.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 9.78
  • Lot Size: 9.78+/- acres
  • Road Frontage Type: Paved
  • Topography:Rolling: Yes
  • Lot Description:Rolling Slope: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Gas3: Yes
  • Utilities Available:Water5: Yes
  • Lot Description:Irregular Lot: Yes
  • Utilities Available:Sewer6: Yes
  • Topography:Partially Cleared: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Rolling, Irregular Lot, Rolling Slope
  • Topography: Partially Cleared
  • Road Frontage Paved: Yes

Lot Info

  • Lot Size Sq Ft: 426016.8
  • Parcel #: 002 086.00
  • Zoning Description: Zoned Commercial

Tax Info

  • Tax Annual Amount: 1864.12

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 For Sale $695,900 -- --
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1310729

East Tennessee REALTORS® MLS