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N Highway 321 Lenoir City, TN 37771
9.78 Acres Lot
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1310729
Lot Size 9.780 Acres
Acres 9.78
Lot Dimensions 9.78+/- acres
Source East Tennessee REALTORS® MLS
Property Description
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 #1310727) 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.
Location
State TN
County Loudon County - 32
Area 9.78
Zoning Zoned Commercial
Exterior
Topography [object Array]
Road Frontage , Paved
Garage No
Building
Lot Description Rolling, Irregular Lot, Rolling Slope
Faces From I-40, take exit 364. Head north on Hwy 321 toward Oak Ridge. The property will be on the left.
Others
Restrictions Yes
Tax ID 002 086.00
Acceptable Financing VA Loan, Cash, Conventional, FHA
Listing Terms VA Loan, Cash, Conventional, FHA
Listed by Southland Realtors, Inc
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