6344-6400 Clinton Hwy - Clinton Hwy Development Opportunity
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6344-6400 Clinton Hwy - Clinton Hwy Development Opportunity
21.39 Acres of Commercial Land Offered at $2,695,000 in Knoxville, TN 37912
Investment Highlights
- Currently generates $60k gross annually
- Almost 1/4 mile of total frontage on Clinton Hwy
- High traffic corridor 25,000+ cars daily
Executive Summary
No city taxes, attractive CA zoning
High traffic corridor 25,000+ cars daily
Portfolio of 6 parcels: land, retail, office
Rare assemblage opportunity on Clinton Hwy
MDR medium density res + GC general comm
Prime multi-family & retail development potential
Almost 1/4 mile of total frontage on Clinton Hwy
Existing sewer + water across property & all sides
Over 10,000 SF of existing retail & office structures
Adjoins Cherrybrook subdivision $400k home sales
High traffic corridor 25,000+ cars daily
Portfolio of 6 parcels: land, retail, office
Rare assemblage opportunity on Clinton Hwy
MDR medium density res + GC general comm
Prime multi-family & retail development potential
Almost 1/4 mile of total frontage on Clinton Hwy
Existing sewer + water across property & all sides
Over 10,000 SF of existing retail & office structures
Adjoins Cherrybrook subdivision $400k home sales
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $2,695,000 | Lot Size | 21.39 AC |
| Price Per AC | $125,993 |
| Price | $2,695,000 |
| Price Per AC | $125,993 |
| Lot Size | 21.39 AC |
zoning
| Zoning Code | MDR (Medium Density Residential) |
| MDR (Medium Density Residential) |
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6344-6400 Clinton Hwy - Clinton Hwy Development Opportunity
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