Development Ready 102-unit BFR Community

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30763600
Property Subtypes: Multi-Family, Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 26.84 Acres
Sale Price: $2,499,000
Unit Price: $93,107 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2023

Overview / Comments

SVN | Wood Properties is pleased to exclusively present this shovel ready, fully approved build for rent community. The site is approved for 102 detached single family units, a product that is in high demand in the Knoxville market. The site is fully entitled, inclusive of engineering plans, and a buyer can expect to be able to start moving dirt soon after closing. All plans and approvals are included in the sale of the property.

Further, the property is conveniently located within the rapidly-growing Hardin Valley submarket and is zoned for Hardin Valley schools, which are known to be the most desirable in Knox County. In addition, I-40 is only two miles southwest of the site and Turkey Creek, West Knoxville's premier retail destination, is only a ten minute drive away.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 129 142
Zoning: PLANNED RESIDENTIAL ("PR")
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,657 41,692
Median Age: 45.11 43.5
Households: 5,562 16,009

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