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Jacksboro Pike - Retail/Restaurant/Hotel Pads Available

6 Acres of Commercial Land Offered at $3,080,000 in Lafollette, TN 37766

Investment Highlights

  • Jacksboro Pike frontage sees 31,000+ CPD
  • Divided highway access
  • Adjacent to national retailers, Roane State Community College and nearby Norris Lake and Royal Blue tourist attractions
  • City has plans to develop sports courts on remaining property

Property Facts

Price $3,080,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Hospitality
  • Fast Food
  • Hotel
  • Restaurant
  • Storefront
  • Strip Center
Total Lot Size 6.00 AC

1 Lot Available

Lot

Price $3,080,000
Price Per AC $513,333
Lot Size 6.00 AC

Divisible into 1.5, 2, and 2.5 acre pads

Description

Located in the thriving City of Lafollette and positioned along the bustling Jacksboro Pike, this property boasts excellent visibility with traffic counts of 31,000 vehicles per day at a marker just 1.2 miles south of the property. The front portion of this larger 18.5 acre tract is positioned to be subdivided into retail pads, as depicted on the illustrative site plan, providing an opportunity for the development of restaurants, hotels, or other commercial establishments. With the city's plan for a main road into the development, businesses will benefit from increased accessibility entering from the divided highway. Not only does this property offer immediate commercial potential from local and tourist traffic, as well as its adjacency to a Roane State Community College campus, but it also promises a sustained customer base with the City's planned future development of tennis courts, soccer fields, and baseball facilities, which will be utilized by the local high school and host tournaments. The City of Lafollette itself exudes a vibrant community atmosphere, steeped in history. Its convenient location in Campbell County, amidst the picturesque Cumberland Mountains, makes it a sought-after destination. Proximity to the Royal Blue ATV Riding Trails and scenic Norris Lake attracts outdoor enthusiasts and vacationers. Don't miss this rare opportunity to invest in the future of Lafollette's commercial landscape and secure your foothold in one of Tennessee's promising markets.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
103-020.01
Land Assessment
$2,070,200 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$2,070,200 (2023)
  • Listing ID: 31012424

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: Jacksboro Pike, Lafollette, TN 37766

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