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N Highway 321, 
Lenoir City, TN 37771

$695,900


Bed


Bath


-

Sq Ft


9.78

Acres (Lot)


Land

Active

Listed by

Azaan Kherani

Southland Realtors, Inc

Last updated:

August 2, 2025, 07:05 PM

MLS#

1310729

Source:

TN KAAR

About This Land

N Highway 321

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 #_______________) 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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

9.78

MLS #:

1310729

Last Updated:

August 2, 2025, 07:05 PM

Added:

3 day(s) ago


Finances & Disclosures

Finances

Price:

$695,900

Source:TN KAAR
The information being provided by Knoxville Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Knoxville Area Association of REALTORS All rights reserved.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.