Well Located Development Opportunity - Alcoa Highway/Pellissippi Pkwy

945 Crescent Drive Louisville, TN 37777

945 Crescent Drive, Louisville, TN, 37777
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,250,000
Last Verified:
Jun 17, 2024

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Highlights

  • OZ overlay
  • GB-E zoning
  • Amazon adjacent
  • Access to all major thoroughfares in close proximity
  • Well laying topography and regular dimensions

Description

This parcel offers exposure to over 46,000 cars daily along Alcoa Highway and give great access to all Knoxville's MSA and beyond. The land lays well, with the lot offering regular dimensions to work within. General Business E/City of Alcoa provides a broad range of potential uses, from self storage, standard retail, office parks and more. Zoning information is provided.
The property also falls under Opportunity Zone overlay, providing tax benefits to developers who wish to participate.

Grade level visibility from Alcoa Highway, 1/4 proximity to Amazon's 600,000 sf fulfillment facitlity and Pellissippi Parkway access and location less than 2 miles from McGhee Tyson Airport's main entrance further highlight this offering.

Situated with great access to all points in the Knoxville MSA. The property lays well and offers General Business E/Alcoa zoning and falls under Opportunity Zone overlay.

Lot Size: 2.63 acres


Documents

Sale Flyer Horizontal

Map of 945 Crescent Drive, Louisville, TN, 37777

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.