Summit Place Development / 85 +/- acres

Vacant Land for Sale
Distressed
Catylist Listing ID: 30314740
Property Subtypes: Industrial, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 85 Acres
Sale Price: $3,500,000
Unit Price: $41,176 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 10/16/2018

Overview / Comments

Incredible BANK-OWNED opportunity for approximately 85 acres in the heart of Oak Ridge. Only 15 minutes to West Knoxville. Infrastructure, including roads, utilities, sitework, entrances, storm drainage, site lighting already installed. This ridge top development is pad ready with 360 degree views of the Smoky and Cumberland Mountains. Originally developed as a commercial & industrial park. Many other uses possible..... multi-family, senior living, retail, office, corporate center, and distribution hub. 2 entrances. One entrance is the new flyover / clover leaf leading directly to site (Centrifuge Way exit and on ramp).

I-2, Industrial and Office Zoning.

May also be combined with existing 30,000 SF office/warehouse on approx. 15 acres. See KAARCIE #30314769.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Oak Ridge
Zoning: I-2 AND O
Property Located Between: Oak Ridge and Knoxville
Property Visibility: Good
Legal Description: 106G A 002.10, 106G A 002.25, 106G A 002.20,106G A 002.02, 106G A 002.22, 106G A 002.21, 106G A 002.01, 106G A 002.23, 106G A 002.24
Largest Nearby Street: Illinois Avenue
Rail Access: Yes
Zoning Description: I-2 and O
Part of Planned Development?: Yes
Development Name: Summit Place
Topography: Rolling
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,718 22,405 42,007
Median Age: 39.51 42.79 41.94
Households: 766 9,819 17,588
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