VACANT LAND ON OAK RIDGE HWY – KARNS AREA

Vacant Land for Sale
Also listed as Multi-Family, Retail-Commercial
Catylist Listing ID: 30185047
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad
Gross Land Area: 5.17 Acres
Sale Price: $646,250
Unit Price: $125,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

Vacant land located in the popular Karns community. Being located across Oak Ridge Hwy from Grace Baptist Church and Grace Academy makes it very easy to find. Currently zoned CA. MPC Sector Plan also call for Medium Density Residential or Office. With over 570’ of highway frontage, the possibility exists for commercial development at the corner of Oak Ridge Hwy and Wright Rd and the balance of the property could be a different use.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,275 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 078KA 001 / 002 / 003 / 004
Zoning: CA
Area Description: From the Karns red light, go approximately 2 miles east to the property on the left between Wright Road and Mary Sharp Way across from Grace Baptist Church.
Lot Frontage: 570
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,534 39,548 117,721
Median Age: 38.19 37.3 37.18
Households: 946 15,849 49,428
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