Carmichael Road Acreage-Pellissippi Access

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29976915
Property Subtypes: Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 22.05 Acres
Sale Price: $1,497,000
Unit Price: $67,891 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2019

Overview / Comments

This 22 acre tract offers the opportunity for multiple development opportunity/needs/uses.
The Carmichael Rd. parcel sits conveniently and strategically located along the Knoxville/Oak Ridge/Alcoa transit and technological development corridor.

Location highlights this tract, with Pellissippi immediately approximate, providing quick access to I-40/I-75, West Knoxville, Downtown, ORNL and Alcoa/Maryville. Most Knoxville addresses can be reached within a 30 minute drive, allowing easy commutes or out of office sales/distribution.

Ideal uses may be: Up to 12 unit per acre residential, Distribution/Flex Park development, multifamily or office use. Note, some uses would require a zoning change.

• Convenient to all of Knoxville and beyond
• Multiple "Highest and Best" use opportunities
• Located approximate to higher education institutions, office, multi-fam and single family
• Elevated line of site

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 104109
Market Type: Medium
Property Located Between: Carmichael and Pellissippi
Road Type: Highway
Area Description: Centrally located with quick access to Pellissippi Parkway, I-40 and all roadway destinations beyond. The location is approximate to multi-family, office park, single family housing, retail and institutional and not for profit education centers.
Soil Type: Clay

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,063 34,800 89,969
Median Age: 37.92 39.64 39.87
Households: 833 13,831 36,118

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