Vacant land with 231 Feet of Frontage on Middlebrook Pike

Vacant Land for Sale
Also listed as Office, Multi-Family
Catylist Listing ID: 30757321
Property Subtypes: Multi-Family, Office, Residential (Single Family)
Gross Land Area: 2.11 Acres
Sale Price: $700,000
Unit Price: $331,753 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

This is a great opportunity to purchase 2.11 acres with Middlebrook Pike frontage for multi-family housing, single family housing or office. The property already has a 1,560 SF home on it (tear down) and the location is unbeatable. Just west of Gallaher View Rd. The traffic count is 25,180 cars per day which makes this a great location. The sector plan calls for medium density housing or office. This property will not last long.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $655 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 105LB047
Zoning: A
Feet of Frontage: 231
Area Description: From Kingston Pike, turn north onto Gallaher View, turn left onto Old Middlebrook Pike, property is on the right.
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,447 75,415 151,271
Median Age: 34.58 36.24 37.8
Households: 5,836 33,480 64,447

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