Build to Rent Development Site

Vacant Land for Sale
Catylist Listing ID: 30838902
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 32.12 Acres
Sale Price: $1,650,000
Unit Price: $51,369 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/13/2023

Overview / Comments

Located in the growing South Knoxville market, this site is in close proximity to the intersection of Gov. John Sevier Highway and Chapman Highway. It is within 15 minutes of Downtown Knoxville and the University of Tennessee. Due to the unprecedented influx of people relocating to Knoxville, the South Knoxville market has shown marked growth over the past 18 months.

This project is fully approved and entitled for sixty-five (65) 3 and 4 bedroom units and offers a combination of duplexes and single family rental units - put a shovel in the ground day of closing! Construction documents will convey with closing.

Possible short-term owner financing is available.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 124 192
Largest Nearby Street: Gov. John Sevier Highway

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,344 13,102 63,822
Median Age: 41.15 42.03 38.46
Households: 547 5,571 27,502

Contact

Photograph of Listing Agent

Heidi C. Adams, CCIM

NAI Koella | RM Moore KAAR CIE Member
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