City Hall Storage Portfolio
For sale129 Johnson Road & 124 Spring Street, Maynardville, TN 37807
Area Description
Located Only 20 Miles North of Downtown Knoxville, the Town of Maynardville is Surrounded by State Parks, Lakes, Waterfalls and Other Natural Beauty. The Rapidly Growing Knoxville MSA is the Third Largest in the State of Tennessee and is Home to 968,137 Residents. The local Maynardville economy is driven by a stable mix of education, local government, manufacturing, and healthcare. Major employers within Union County include the Union County School District, local government services, and Clayton Homes, which operates a significant manufacturing facility in the area. Broadening out, Maynardville serves as a growing bedroom community for the Knoxville MSA, where residents commute to regional economic juggernauts such as the University of Tennessee, UT Medical Center, DENSO Manufacturing, and the major federal research and energy installations in nearby Oak Ridge (Y-12 National Security Complex and Oak Ridge National Laboratory). Maynardville benefits from its strategic position just 20 miles north of downtown Knoxville, primarily connected by Maynardville Highway (State Route 33). This corridor is currently undergoing a major, multi-million dollar infrastructure improvement project led by TDOT. Slated for completion in late 2027, the project is widening SR 33 from two lanes to a continuous four-lane highway with a center turn lane from the Knox County line directly into Maynardville. This significant upgrade will dramatically improve traffic flow, safety, and commute times, further integrating Union County into the Knoxville economic engine. The immediate neighborhood surrounding the Johnson Road and Spring Street facilities features a mix of local businesses, civic buildings, and essential daily conveniences, anchored by regional grocery chains like Food City. The true draw of the area, however, is its access to East Tennessee's natural beauty. Maynardville is positioned as a gateway to major outdoor recreational hubs, including Norris Lake, Big Ridge State Park, and Chuck Swan State Forest. This proximity to major waterways and 6,400+ acres of outdoor destinations drives consistent, seasonal demand for boat, RV, and recreational equipment storage. The Knoxville MSA is experiencing robust and sustained expansion, recently surpassing a regional GDP of $64 billion and approaching 1 million residents. Within a 3- to 5-mile radius of the subject properties, the population is projected to grow at a healthy 1.6% annually. Despite this growth, the immediate Maynardville trade area remains highly constrained for self-storage supply. With a market saturation rate of just 4.4 square feet per capita within five miles—well below the national equilibrium—the City Hall Storage Portfolio is perfectly positioned to capitalize on growing regional demand and limited local competition.
Area Highlights
- Both Locations Benefit From Being Located Within a Designated Opportunity Zone
- Very Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 4.4 SF/Capita for Self Storage Within Five Miles of the Property
- Located Only 20 Miles North of Downtown Knoxville, the Town of Maynardville is Surrounded by State Parks, Lakes, Waterfalls and Other Natural Beauty
- The Rapidly Growing Knoxville MSA is the Third Largest in the State of Tennessee and is Home to 968,137 Residents
Location
Neighborhood Demand
Moving & Storage
Fuel & Parking
Mail & Shipping
Nearby Housing