Freeway Exit Properties For Sale or Long Term Ground Lease
Exit 415 of I-40 Freeway | Sevierville/Dandridge/Morristown Exit | East Tennessee
Command the Commercial Future of Exit 415
Northern Parcel – ±35 Acres (Vacant Land) - For Sale @ $1.59m or Long Term Ground Lease
Positioned on the north side of Interstate 40 at Exit 415, this ±35-acre vacant tract presents a rare opportunity to either acquire or secure a long-term ground lease on one of East Tennessee's emerging interstate development corridors. Located just minutes east of the Great Smoky Mountains gateway at Exit 407—home to Buc-ee's and extensive commercial growth—the property enjoys exceptional visibility along I-40 and convenient access via Cline Road, providing exposure to millions of travelers moving through one of the nation's primary east-west transportation corridors.
Whether purchased outright or controlled through a long-term ground lease, the property offers tremendous flexibility for commercial, hospitality, multifamily, mixed-use, industrial, logistics, retail, travel center, or build-to-suit development. Active planning for future sewer expansion to Exit 415, together with strong development momentum spreading east from Exit 407, further enhances the long-term potential of the site. For investors and developers seeking ownership, the property represents an opportunity to establish a strategic position in a rapidly growing corridor. For tenants and corporate users, the availability of a long-term ground lease provides the ability to control a highly visible interstate location while preserving capital for development and operations. The scale of the tract lends itself to flexible master planning, making this a unique opportunity to create a landmark development at one of East Tennessee's future gateway interchanges.
Southern Parcel – ±16.56 Acres with 9,450 SF Warehouse - For Sale @ $1.69m or Long Term Ground Lease.
Located on the south side of Interstate 40 at Exit 415, this ±16.56-acre commercial property offers a rare combination of immediate income and long-term development potential along one of East Tennessee's major transportation corridors serving the Great Smoky Mountains and the high-traffic Exit 407 corridor just minutes to the west. The property is available for purchase at the listed price or can be controlled through a 30+ year NNN ground lease at $10,000 per month, providing flexibility for investors, developers, and owner-users alike. The site features a 75' x 125' (9,450-square-foot) open-span metal warehouse currently leased at $8,500 per month, providing stable income while leaving approximately 12 acres of cleared, highly visible land available for future development. Ownership is willing to retain the existing warehouse and income stream or remove the improvements to accommodate a tenant's specific plans. Conceptual layouts have been prepared illustrating opportunities for additional warehouses, multifamily development, and climate-controlled self-storage with RV and boat parking, while the property's excellent interstate exposure also makes it ideally suited for an RV park or resort, hotel, travel plaza, service station, or other commercial uses. With frontage along US-25W/70, strong visibility from Interstate 40, excellent truck access, and anticipated future sewer expansion to Exit 415, this property presents one of the last major opportunities to either own or control a highly strategic interstate development site in East Tennessee.