Development Opportunity for Multifamily

Vacant Land for Sale
Catylist Listing ID: 30749462
Property Subtypes: Multi-Family, Other
Gross Land Area: 1.30 - 1.40 Acres
Sale Price: $229,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

Wow! Potential for a multifamily project. The property has 6 lots, with an existing (1,367 Sf-3 bd-1 ba). The house sits on of 2 of them and the other 4 lots can be built on. Rezoning is required if buyer would like to do multifamily. Currently is zoned RN-2. A survey is in process to show the exact boundaries of each lot. It is recommended that the buyer contact the planning office at the city/county of Knoxville to get accurate information regarding the type of development that can be done.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 080KD025
Property Located Between: Pleasant Ridge Rd and Clinton Hwy
Property Visibility: Good
Largest Nearby Street: Pleasant Ridge Rd
Feet of Frontage: 475
Highway Access: I-40/75
Site Description: Flat land with a house
Zoning Description: Currently single family with a possibility of rezoning it to multifamily
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,019 81,757 189,170
Median Age: 34.36 32.11 34.65
Households: 3,569 33,474 81,066
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