I-81 And Hwy 394 Sw is aland property for lease in Blountville, TN.
PRICE REDUCED! Excellent I-81 Property! This 5.2 acre parcel lies immediately at the southwest corner of I-81, Exit 69 at Blountville interchange with Hwy 394 frontage. Several things make this a great commercial development location.
1) Lower Taxes – the property is in an area that can never be annexed by any of the cities and thus it will always be in the County and subject only to County taxes. So any future owner will not pay any city taxes.
2) TIF Financing – Owners have discussed this with key governmental leaders and believe that a developer would have no trouble getting TIF Financing. With the current taxes low, the tax increment after development will be very high and thus TIF Financing can provide approximately 10% or more of the development costs. Owners have also been advised by the banking community that TIF Financing money can count toward the developer’s equity requirement in the overall capital stack.
3) A potential combined 25 acres available at this location with adjoining property, also for sale. Water and electric are available, therefore, rezoning should not be an issue.
Property suited to a variety of commercial developments from hospitality, retail or service business, professional or medical office complex. Ideally located within 5 miles of the Wellmont Bristol Regional Medical Center at Exit 74, another unique use would be as an assisted living center development.
Property part of 15.27 acre parcel, see individual sale listing. Contact listing agent to discuss the variety of opportunities available at this location!
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