Apartment Site For Sale
Vacant Land
for Sale
| Catylist Listing ID: |
30815573 |
| Property Subtypes: |
Mobile Home Park, Multi-Family, Self Storage
|
| Gross Land Area: |
3 Acres
|
| Sale Price: |
$499,900 |
| Unit Price: |
$166,633 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/1/2023 |
Overview / Comments
The listed property is part of 25.64 acres owned by Midwest Communications, Inc. They operate 4 radio stations from this this location on top of Sharps Ridge.
They would like to sell off approximately 3 acres that they don't use. This will have frontage on Interstate 640 and access would be from Shipman Road which has been closed by the city. The owners will have the road opened and the property surveyed.
There are apartment complexes on both sides of the site and multifamily would be the logical use for the property. Rezoning would be required for such development. The current zoning is OS but rezoning should not be an issue because of the surrounding zoning.
See maps attached to this listing. Please call listing agent for more details.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
069KB036 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,814 |
76,144 |
163,805 |
| Median Age: |
36.91 |
36.34 |
35.06 |
| Households: |
4,945 |
33,786 |
68,640 |
|
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