South Knox Development Opportunity - Near Chapman Hwy & Blount Ave

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30404577
Property Subtypes: Multi-Family, Office, Self Storage
Status: Pending
Gross Land Area: 1.04 Acres
Sale Price: $975,000
Unit Price: $937,500 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Last Updated: 1/28/2022

Overview / Comments

FOR SALE - These vacant lots are a combined 1.04-acres and are located just off Chapman Highway in the South Waterfront District of Knoxville. The property has views of Neyland Stadium and excellent access to the University of Tennessee and downtown. The property would be ideal for multi-family, medical office, or self-storage development. Recent new development includes 303 Flats (136 Units built in 2018 facing the Tennessee River), One Riverwalk (303 Units built in 2018) and redevelopment of the Kerns Bakery and much more.

The property is located in the Qualified Opportunity Zone and is poised as qualified opportunity fund redevelopment or new construction. Inquire for details. Both 407 Saint Paul Street and 316 W Blount Ave are available at the same per-acre price.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 109A-A-005, 109A-A-004
Zoning: SW-6 (SOUTH WATERFRONT DISTRICT 6)
Property Located Between: Saint Paul St. & 316 Blount Ave.
Property Visibility: Good
Largest Nearby Street: Chapman Hwy
Area Description: Located at the corner of W. Blount Avenue and Saint Paul Street in the highly desirable south Knoxville Water Front district. Two parcels are available off Chapman Highway across the street from 303 Flats (136 Units built in 2018 facing the Tennessee River). The property is also located in a Qualified Opportunity Zone and is ideal for a QOZ fund or development.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,527 73,647 138,245
Median Age: 23.92 31.92 34.89
Households: 4,927 29,243 58,831

Contact

Photograph of Listing Agent

Brian H. Tapp, SIOR, CCIM

Avison Young KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth

Avison Young KAAR CIE Member
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