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Office and Flex Sites at Prosperity Crossing 801 Watt Rd, Knoxville, Tennessee, 37932

 
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Verified : 1/25/2016 Active

Office and Flex Sites at Prosperity Crossing 801 Watt Rd, Knoxville, Tennessee, 37932

$9,450,000.00   / ForSale

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Property Highlights

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$9,450,000.00
Sale Price:
$9,450,000.00
Price/SF:
Unlisted
CAP Rate (%):
Unlisted
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
2,744,280
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Knox
Zoning:
CB
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
Unlisted
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
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Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
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Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

Pad-ready Office and Flex/Showroom sites for sale or ground lease at Prosperity Crossing, East Tennessee's newest regional, mixed-use development. This project has over 100,000 VPD traffic count and over 2 miles of visibility at the I-40/75 junction. Sites are delivered pad-ready to accommodate any time frame, and can be combined or subdivided. Prosperity Crossing's master plan includes over 1,000,000sf of retail, up to 384 multifamily units, several hotels and restaurants, and sports/entertainment, office and flex components. Excellent location in the local market on a main interchange servicing Farragut & Hardin Valley, Knoxville's highest income and fastest growing areas. The 5-mile radius population of 36,472 grew 26% between 2000-2010 and has an average HH income of $96.572. In addition to the University of Tennessee and Oak Ridge National Laboratory, there are several companies with headquarters in the area including Pilot Flying J, Regal Cinemas, PetSafe, Ruby Tuesdays and many others. This is a prime location to catch tourist, government and business travelers. From a regional perspective, this site has 2 miles of visibility to the 100,000+ VPD at the I-40/I-75 junction. This is the last exit before the split of the convergence of the nation's busiest east-west and busiest north-south interstates. It's a frequented stopping point for cross-country traveler starting trips from Florida, the East Coast and the Midwest. The 225-acre project is fully entitled. A $6.1M TIF and private funds are in place for improvements to Watt Road and construction of a landscaped boulevard running through the entire development from the I-40/75 interchange to the western end of the new Hardin Valley Drive, a major arterial. An Interchange Modification Study is complete for improvements to more than double capacity of this interchange to accommodate quickly increasing passenger vehicle traffic and decreasing truck traffic. Excellent sites remain for hotels, restaurants, retail, sports/entertainment dealerships, office/flex and a variety of other uses. Located in Knox and Loudon counties just outside of the limits of the Town of Farragut, the sites are Zoned CB (Business zone). The site plan is flexible, and other lots are available. Price per acre for each lot varies based on size, access and visibility. Visit our site www.prosperitycrossing.com for more information. Sales & Leasing Contact; Brandon Clark 865-805-5502 bclark@maddoxcompany.com

Location Description

Exit 369 (Watt Rd) off of Interstate 40/75. Right onto Watt Road. Left onto El Camino Lane. Northwest quadrant of Interchange 369.