Washington Pike, 160 Apartment Site Development

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30575393
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 8 Acres
Sale Price: $1,320,000
Unit Price: $165,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/17/2021

Overview / Comments

located directly across street from Home Depot on Washington Pike
8.0 acres of land for 120-unit multi-family development. Low-cost site to develop.

Partially completed work:
SEC - Civil Engineering

Completed work:
Site Plan - 160 units
Stream Determination
Survey & Topo
Traffic Study

Washington Pike
Washington Pike Exit off I-640
Driveway alligns with Home Depot Entrance

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville - Knox County
Tax ID/APN: 059NC008
Zoning: CG2
Property Located Between: I-640 & Washington Pike @ Home Depot
Property Visibility: Excellent
Legal Description: 059NC00802
Largest Nearby Street: Washington Pike
Feet of Frontage: 454
Traffic/Vehicle Count: 9,738
Highway Access: I-640
Site Description: Low cost site to develop due to favorable Topo. Site's driveway aligns with Home Depot.
Area Description: Located just off I-640 Exit 8. Site is directly across from Home Depot. Restaurants & retail near by.
Lot Frontage: 454
Lot Depth: 795
Zoning Description: Multifamily allowed - No maximum density!
Development Name: Gentry Place Apartments
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,200 50,389 127,096
Median Age: 41.01 40.14 36.72
Households: 1,957 22,259 53,854


Photograph of Listing Agent

James Rick Gentry

Apartment Broker, LLC KAAR CIE Member
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