220 Milldale Road: Mixed-Use Development Site

Highlights:

• 66.48 contiguous acres in Dandridge, Tennessee
• Approximately 52 more workable acres suitable for phased development planning
• Approximately 451 feet of frontage along Milldale Road
• Water, sewer, and natural gas available at the road
• Approximately 1.1 miles from Interstate 40 at Exit 417
• Potential for residential development with neighborhood-serving commercial uses along the frontage
• Possible uses include townhomes, cottages, small-lot single-family homes, retail, medical, professional services, and hospitality
• Phased-development potential allows construction and capital deployment to follow market absorption
• Convenient access to Downtown Dandridge, Douglas Lake, Cherokee Lake, Knoxville, Sevierville, and the Exit 407 development area
• Offered at $3,000,000, or approximately $45,126 per gross acre

Description:

220 Milldale Road offers 66.48 contiguous acres positioned approximately 1.1 miles from Interstate 40 at Exit 417 in Dandridge, Tennessee. With approximately 451 feet of road frontage and water, sewer, and natural gas available at the road, the property provides the access, scale, and infrastructure needed to support a meaningful development strategy.

Approximately 52 acres are considered more workable, creating an opportunity to organize residential development within the interior while evaluating neighborhood-serving commercial uses along the frontage. Potential residential concepts include townhomes, cottages, small-lot single-family homes, or another thoughtfully planned neighborhood product. Frontage uses could include food, retail, medical, office, service, convenience, or hospitality components that support both future residents and surrounding demand.

The property’s scale also supports a phased execution strategy. A buyer can align infrastructure, product delivery, and capital deployment with absorption instead of forcing the entire tract into a single development phase. Steeper portions of the property may be incorporated into open space, trails, buffers, or other terrain-responsive planning features.

Milldale Road is convenient to Downtown Dandridge, Douglas Lake, Cherokee Lake, Knoxville, Sevierville, and the expanding Exit 407 area. Increased tourism, employment, residential development, and commercial investment throughout East Tennessee continue to create demand for additional housing and supporting services in accessible, lower-basis markets.

Offered at $3,000,000, the property represents an entry basis of approximately $45,126 per gross acre and approximately $57,700 per more workable acre. It is positioned for a regional developer, builder-developer, land fund, or investment group seeking a large interstate-connected tract with multiple potential execution paths.

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