PROPERTY DESCRIPTION

Proximity to Major Facilities: The property's close proximity to the new 650K square foot Amazon Fulfillment Center, as well as its accessibility to the Pellissippi Parkway/Alcoa Highway connection, makes it an attractive location for businesses looking to capitalize on the area's growth and economic activity. Interest from Multiple Sectors: The property has attracted interest from various sectors including hotels, storage facilities, warehouses, and retail developments, all of which align with the current zoning and could benefit from the high traffic volume in the area. Opportunity Zone Status: Being located within an Opportunity Zone provides potential investors with tax incentives, enhancing the property's appeal for development projects. TDOT Alcoa Highway Project: The planned addition of a traffic light at the intersection of Mimosa Heights and Alcoa Highway is a positive development for improving traffic flow and accessibility, further enhancing the property's value and potential for development. Current Residential Status and Future Zoning: While the property is currently a residential home with a septic system, the annexation by the City of Alcoa and the future transition to commercial zoning indicate opportunities for redevelopment or adaptive reuse to align with the area's commercial growth. Infrastructure Considerations: The presence of nearby manholes and the relatively close proximity of the sewer tie-in offer opportunities for infrastructure upgrades to accommodate commercial development, which can be advantageous for potential buyers or developers. Employment and Traffic Statistics: The high number of people employed within a 5-mile radius and the significant daily traffic volume on US 129 (Alcoa Highway) and Pellissippi Parkway indicate a strong economic and commercial environment, further supporting the property's potential for commercial development. Distance to Key Facilities: The property's close proximity to major facilities such as the Amazon Fulfillment Center, Tyson McGhee Airport, and the new Smith & Wesson Headquarters adds to its appeal and potential for various commercial ventures. Given these factors, it's clear that your property offers a unique opportunity for investors or developers seeking to capitalize on its prime location and the surrounding economic growth. If you have any further questions or need assistance with anything else, feel free to let me know.