Wallace real estate white logo

505 N Highway 92Jefferson City, TN 37760Price: $449,000

  • Price: $449,000
  • 2 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.43% last updated on Jul 2, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $449,000List Price
Prime development opportunities with this level of visibility are becoming increasingly rare. Located at 505 N Highway 92, Jefferson City, TN, this 2.21± unrestricted acre property offers exceptional highway frontage and exposure in one of Jefferson County's growing commercial corridors, making it an outstanding opportunity for investors, developers, business owners, and builders alike. The gently rolling, mostly open landscape provides an excellent canvas for a wide variety of future uses. Whether your vision includes a shopping center, retail plaza, restaurant, medical or professional offices, mixed-use development, apartment complex, townhome community, condominiums, single-family residential development, or a private estate, this unrestricted property offers the flexibility to bring your plans to life. Given the property's outstanding visibility, traffic exposure, and surrounding growth, a shopping center or retail development represents one of the highest and best potential uses (subject to buyer's due diligence and all applicable governmental approvals). Enjoy the benefit of county taxes only, with public water and electricity available at the road. Sewer may be available, or the property may be suitable for a septic system depending on the proposed development and buyer's due diligence, providing flexibility for a variety of project types. Conveniently located just minutes from downtown Jefferson City, Douglas Lake, Cherokee Lake, Carson-Newman University, and Interstate 40, the property offers easy access to Knoxville, Morristown, Dandridge, and Sevierville while benefiting from the area's continued residential and commercial growth. Whether you're ready to develop today or invest for tomorrow, opportunities offering unrestricted acreage, outstanding highway visibility, county-only taxes, and this level of development potential are becoming increasingly difficult to find. Information is deemed reliable but not guaranteed. Buyer to verify all information to their satisfaction. Bonus Opportunity: The existing billboard located on the property is available for purchase directly from the seller for $50,000, creating an additional advertising or income-producing opportunity.

Listing Tools

Property Details of 505 N Highway 92

Property Details

Exterior Features

Community

Other Details

Map Location

Listed by Katelyn Warren of Century 21 Legacy GP

 "Based on information submitted to Great Smoky Mountains MLS as of July 4, 2026 11:21 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Wallace Real Estate. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Similar Properties

Wallace office with two overlays - blue and light blue
Map Search

Contact Us

Send A Message

Do not fill in this field:

I agree to receive marketing and customer service calls and text messages from Wallace Real Estate. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.