Flat Corner Lot, 1 mile from Rutledge Pike and 4 miles to I-640

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30471772
Property Subtypes: Agricultural, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Status: Pending/Contingent
Gross Land Area: 1.93 Acres
Sale Price: $180,000
Unit Price: $93,264 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/30/2020

Overview / Comments

This is an outstanding level parcel with regular dimensions on the corner of Millertown Pike and Ellistown Rd in the emerging East Knoxville Market. Located less than 1 mile from Rutledge Pike and 4 miles from I-640, both providing easy access to all parts of Knoxville and surrounding areas. With county residential development pushing east along Millertown Pike, this parcel is primed to see long term benefit from being in the path of development. Owners willing to subdivide.

An example is Ely Park. A new single family home development laying 1/10th of a mile east of this offering. It addresses the need for affordable 3bd/2ba single family homes, with a starting price of $169,000.00. This development is actively building and selling homes on 173 single family lots in Phase I. This area of East Knox County offers some of the more affordable land that is able to be developed in Knoxville, this area will continue to grow!

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 05106903
Property Located Between: Millertown Pike and Ellistown Rd
Property Visibility: Excellent
Largest Nearby Street: Millertown Pike
Feet of Frontage: 350
Highway Access: I-640 4 miles.
Site Description: True corner property with 350 ft +/- of frontage on Millertown Pike. East Knoxville location with County CN zoning. Flat, cleared and ready to develop.
Area Description: East Knoxville emerging single family market with consumer service needed.
Lot Frontage: 350
Lot Depth: 141
Zoning Description: CN-County Rural Commercial. Accepted Uses in CN zoning:
Topography: Gently Sloping
Easements: Other
Easements Description: Unknown
Soil Type: Mixed
Available Utilities: Electric

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 17,377 45,657
Median Age: 40.2 40.7
Households: 6,589 18,252


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