Millertown Pike, Knoxville, TN 37924

There has been a significant Price Improvement on our 3.86-acre Commercial tract on Millertown Pike of I-640 in Knoxville, TN. There are approximately 3 buildable acres with the balance being used for the drainage infrastructure which Aldi has completed a significant portion of infrastructure improvements (including drainage, utilities and pavement to the site) and detention on the subject property. The costs for that work is not passed to the next buyer, but the value and momentum from having this completed is a benefit to the next buyer. Nothing is preventing the next buyer from presenting plans and getting approval to build on the .80 acres.

Amazon is 7/10's of a mile away, Walmart and a bus stop are 4/10's of a mile away, and a grocery store is next door making this an ideal location for multifamily, affordable housing, and many other commercial uses. Several nationally recognized corporate tenants (restaurants, shops, strip mall, self-storage, etc.) are attracting daily traffic by this location. This tract shares cross access and drainage easements with Aldi including ingress and egress points on Millertown Pike and Old Millertown Pike.

City of Knoxville C-R-2 zoning (Regional Commercial Zoning District) allows a wide range of parking‑heavy uses including retail, multi-family, amusement, live entertainment venues and much more.