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.
Property Details
Property Features
Listing Office:
Office Name: BHHS Dean-Smith Realty
Office Phone: (865) 588-5000
Exterior Features
Exterior Information:
View: Mountain(s)
Lot Features
Lot Information:
Lot: Corner Lot, Irregular Lot
Lot Size: 2.63 Acres
School Info
Assigned Schools Information:
William Blount High School, Public District Grades 9-12
Union Grove Middle School, Public District Grades 6-8
Middlesettlements Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $1,250,000
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Housing Market Comparison
See how this home compares to others in Louisville, TN.
This property is $755.5K more than the Median Sold Price in Louisville, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1202340
Listing Office:
Office Name: BHHS Dean-Smith Realty
Office Phone: (865) 588-5000
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Middlesettlements Elementary School
3105 Miser Station Rd
Distance between this listing and this school0.89 miles
Public District Grades PK-5
Middle School
7
/10
Union Grove Middle School
334 S Old Grey Ridge Rd
Distance between this listing and this school5.21 miles
Public District Grades 6-8
High School
8
/10
William Blount High School
219 County Farm Rd
Distance between this listing and this school4.81 miles
Public District Grades 9-12
Assigned Schools
7
/10
Middlesettlements Elementary School
3105 Miser Station Rd
Distance between this listing and this school0.89 miles
Public District Grades PK-5
Nearby Schools
5
/10
Mary Blount Elementary School
131 S Old Glory Rd
Distance between this listing and this school4.13 miles
Public District Grades PK-5
7
/10
Northshore Elementary School
1889 Thunderhead Rd
Distance between this listing and this school4.56 miles
Public District Grades KG-5
Assigned Schools
7
/10
Union Grove Middle School
334 S Old Grey Ridge Rd
Distance between this listing and this school5.21 miles
Public District Grades 6-8
Nearby Schools
7
/10
Alcoa Middle School
1325 Springbrook Rd
Distance between this listing and this school3.18 miles
Public District Grades 5-8
6
/10
West Valley Middle School
9118 George Williams Rd
Distance between this listing and this school6.77 miles
Public District Grades 6-8
Assigned Schools
8
/10
William Blount High School
219 County Farm Rd
Distance between this listing and this school4.81 miles
Public District Grades 9-12
Nearby Schools
7
/10
Alcoa High School
532 Faraday St
Distance between this listing and this school2.91 miles
Public District Grades 9-12
9
/10
Maryville High School
825 Lawrence Ave
Distance between this listing and this school5.09 miles
The neighbors living near this home have an average income of $62,883. The majority of Louisville, TN residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
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This home sits on a 2.63 acre lot. It has been listed on Rocket Homes since August 11, 2022 and is currently priced at $1,250,000.
In April 2024 more than 0 listings in Louisville, TN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 2 were sold below. In April 2024 in Louisville, TN there were 15.6% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $494,450, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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