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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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