Catylist ID: #30722466
Multifamily Land Near I-640 & Amazon Delivery Station
Vacant Land for Sale
|Catylist Listing ID:||30722466|
|Property Subtypes:||Multi-Family, Office, Residential (Single Family)|
|Gross Land Area:||1.53 Acres|
|Unit Price:||$261,437 Per Acre|
|Sale Terms:||Cash to Seller|
Overview / Comments
Develop up to 20 multifamily units on this 1.53-acre lot under its current zoning. Great location in east Knoxville near the new Amazon delivery station (to open in 2022) and the I-40 interchange. All municipal utilities are on the property. See the concept plan showing three new 6-unit, common wall buildings and the existing house to be converted into a duplex.
Download our OM using the link.
Property is in the City limits and located at the corner of Nokomis Drive on the north side of Asheville Highway (US 25W/11E) between Chilhowee Intermediate School and Interstate 40. It is less than 900' from the full interchange (Exit #394) for fast commuting times.
The roughly rectangular lot has has a gentle slope and approx. 274 feet of frontage on Asheville Highway. The lot has a number of mature pine trees and one large red cedar tree; it gently slopes up from the street front affording high visibility to a future development. The property is improved with a 1950-vintage house with an attached 1-car garage which would need to be converted into a duplex due to zoning.
Neighborhood amenities include grocery stores, banks, drugstores, quick service restaurants, auto parts stores, convenience stores, child care and auto repair shops and easy interstate access.
Attachments & Media
|Taxing Authority:||Knoxville/Knox County|
|Property Located Between:||Chilhowee Dr & I-40|
|Feet of Frontage:||274|
|Highway Access:||<900' from I-40 exit 397 interchange|
|Lot Frontage:||274' - 386'|
|Zoning Description:||Zoning of O – Office calls for low-intensity office and service uses but will also allow development of up to eighteen townhouse apartments and conversion of the house into a duplex for twenty rental units total.|
|Available Utilities:||Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access|
|Proximity:||1 mile||3 miles||5 miles|
Steve Goldman, CCIMGoldman Partners Realty, LLC KAAR CIE Member
John S. DempsterGoldman Partners Realty, LLC KAAR CIE Member
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