Multifamily Development Opportunity in Jefferson City

Vacant Land for Sale
Catylist Listing ID: 30460677
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 83.65 Acres
Sale Price: $1,899,000
Unit Price: $22,701 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/8/2023

Overview / Comments

This 83.649 acres is a developers dream! There are endless commercial and residential possibilities with this property.

Property includes:
- 83.649 acres
- 4,980 sq ft office facility
- 22' x 53' detached 4-door garage
Property has 687 feet of US Highway 11E road frontage.

Property has been rezoned and has been approved for multifamily residential development.

Close proximity to Carson-Newman, Shopping, Restaurants, and residential areas.

KAARCIE #30735359 connects to this property, offering 47 acres and zoning is already in place for residential development. $999,000.

Additional Details

Nearest MSA: Morristown
County: Jefferson
Tax ID/APN: 045015 07900
Zoning: R-1
Property Visibility: Excellent
Feet of Frontage: 687
Highway Access: 11E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,589 12,319 26,826
Median Age: 39.12 35.32 38.61
Households: 670 4,551 10,238


Photograph of Listing Agent

Jennifer Scates

Holrob KAAR CIE Member
Photograph of Listing Agent

Mark Shipe

Holrob KAAR CIE Member
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