Description

500 Bon Street, Lenoir City, Tennessee

If you are looking for a well-established and highly visible commercial opportunity, you’ve found it here at Lenoir City Shopping Center! Spanning nearly four acres and with its close proximity to a bustling industrial park and major routes 11 and 321, this retail building guarantees exposure to the wide range of financially stable, middle-income consumers that live, work, and grow in Lenoir City, Tennessee.

Lenoir City Shopping Center Neighborhood Demographics

          Population          Households          Income          
1 mile      3,698                1,597               $37,073
3 mile      12,798              5,229               $45,561
5 mile      21,438              8,698               $51,161

Lenoir City boasts a wealth of employment opportunities and is noted for its major manufacturing plants on Industrial Park Drive, found less than a mile away from this available retail space. The city also provides passage to four major federal highways – U.S. Routes 321, 11, and 70, and Interstate 75. Only one block away from the shopping center is Route 11, where consumers will find a variety of commercial services and goods, including Sonic Drive-In, First National Bank, an auto body shop, post office, and insurance agency. Just a half mile away is Rock Springs Park, where visitors enjoy walking trails and picnic and playground areas. Also nearby are assisted living facility River Oaks Place, several churches, and chain restaurants McDonald’s, Wendy’s, and Arby’s. Standing out however, is Lenoir City Shopping Center, whose prominence as an economically-sensible shopping option makes it a convenient and likely choice for many of the local residents, commuters to the industrial park, as well as students attending the nearby Roane State Community College. Currently patrons of the shopping center can visit the budget-conscious Dollar General and Save-A-Lot, a donut shop, and the eclectic Flea and Antique Market.

Property Highlights

Lenoir City Shopping Center:

• Spans nearly four acres
• Six units, totalling nearly 50,000 square feet
• Excellent access to major routes
• Boasts three convenient entrances (frontages on Bon St, Grand, and Pike Streets)
• Easy access for area residents and commuters to Industrial Park Drive
• Sidewalks along all three streets invite pedestrian traffic
• Ample parking in a well-lighted lot
• Zoned C-3, Highway Commercial District allows for a wide range of business uses

Lenoir City has enjoyed consistent population growth and advances in both residential and commercial development, largely due to the many employment opportunities offered in and around the city. The downtown area is attractive and quaint with cheery storefronts, nearby Lenoir City Park hosts regular waterside events throughout the year, and the beautiful Great Smoky Mountains National Park lies just east - all of these features and more makes this area a very desirable one in which to settle down and raise a family. Experts have determined that this area will only continue to experience moderate growth over the coming years, and retailers and service providers will certainly benefit from the increasing demands of these consumers.

Recent revitalization efforts include:

• In 2010, an $80,242 Downtown Streetscape Revitalization Enhancement Grant was awarded, and the city will pool additional $20,000 toward the project
• An estimated $110,000 in transportation funds is set aside for the city, intended for rebuilding of roads
• City is continuing efforts by applying for additional grants that will aid in continued downtown revitalization

Based on all Lenoir City has to offer, it is not a surprise that this area has recently experienced a boom in retail development, notably in the Food Service and Drinking Establishment sector with a sales increase of nearly 30% recorded in 2004.

Be a part of this growing and vivacious community and take advantage of this opportunity today!