220 Milldale Rd

Positioned within one of East Tennessee's most active growth corridors, this 66.48-acre development opportunity offers a rare chance to acquire institutional-scale land just north of Interstate 40 with convenient access via Exit 417. Located minutes from Downtown Dandridge, Douglas Lake, Cherokee Lake, and the expanding Exit 407 tourism district, the property sits within the regional growth corridor connecting Jefferson, Knox, Sevier, and Hamblen Counties. Current zoning is A-1 Agricultural. The Town of Dandridge has demonstrated support for thoughtfully planned mixed-use projects through the rezoning process, creating an opportunity for developers to pursue a residential-focused community with complementary neighborhood commercial uses, subject to approvals. Approximately 66.48 gross acres provide an estimated 52 functional development acres. The site's natural topography supports phased planning while preserving open space, buffering, and long-term flexibility. Rather than forcing density, the property allows development to respond to market absorption and changing demand over time. Regional growth is already moving toward this corridor. Continued investment surrounding Exit 407, redevelopment around Smokies Stadium, record tourism, expanding employment, and sustained population growth continue driving demand for housing, neighborhood retail, medical, office, dining, and service-oriented commercial development throughout the region. Combined with immediate interstate connectivity, the property is positioned to benefit from long-term economic expansion while serving both residents and the growing commuter and recreation markets. Large tracts with this combination of location, scale, access, and development flexibility are becoming increasingly limited throughout East Tennessee, making this an exceptional opportunity for regional developers, national builders, investment groups, and institutional buyers seeking a strategic land position in one of the state's fastest-growing markets.

Highlights: 66.48± Acres | $3,000,000 | Approx. $45,126 per Gross Acre | Approx. 52 Functional Development Acres | A-1 Agricultural Zoning | Mixed-Use Redevelopment Potential Through Rezoning | Approx. 1.1 Miles to I-40 (Exit 417) | Minutes to Downtown Dandridge | Near Douglas Lake, Cherokee Lake & Exit 407 | Regional Access to Jefferson, Knox, Sevier & Hamblen Counties | Ideal for Phased Residential Development with Supporting Neighborhood Commercial Uses (Subject to Approvals)