4+ Riverfront Acres on Race St in Kingston, TN
Monday, May 4th, 2015
By: Steve Goldman, CCIM
Up to 4+ acre commercial/apartment development site right on Race Street at the Clinch River.
This site offers a terrific opportunity for a number of possible developments such as restaurant, retail, office, medical and more.
The property is well-located midway between the Midtown developments and downtown Kingston, TN.
- Gross Land Area: 4.09 acres
- Sale Price: $1,000,000 ($244,498/acre)
- Owners will divide subject to approval of a master plan
The property has terrific visibility from both Race Street and I-40 with 795’ frontage on Race Street. Traffic counts are strong at 12,000+ per day. Traffic is local traffic between Kingston, Midtown, Harriman and Rockwood, and destination traffic for shopping at Kroger/Home Depot in Midtown.
This property is pad ready. It has already been graded and all utilities are to the site.
The property is zoned C-2, General Business District, which allows a wide range of uses, including all uses permitted in the O-1, Office District. C-2 uses also include retail, finance, insurance, business, professional and personal services, car/truck repair, hotels, religious activities and more.
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