Centerpoint Commons Development

Vacant Land for Sale
Also listed as Office
Catylist Listing ID: 30552861
Property Subtypes: Multi-Family, Office, Residential (Single Family)
Gross Land Area: 1.81 - 17.56 Acres
Sale Price: $322,000 - 3,062,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

Rare opportunity to acquire former Centerpoint Commons Development off Pellissippi Parkway north of I-40/75 towards high growth submarket Hardin Valley. The property sits within Centerpoint which is home to quality companies such as Covenant Health, Tusculum College, CUPA-HR and DesignSensory. Adjacent parcel in similar zoning is under construction as new apartment development. Knoxville is home of the University of Tennessee with 28,000+ students and Pellissippi State Community College is within a 5 minute drive with enrollment of 11,000+.

Property consists of 3 separate parcels that can be sold individually:
- 7R-1: 11.458 Acres zone OB/TO - $860,000
- 7R-4: 1.806 Acres with 19,500 SF Office Building - 1,880,000
- 7R-5: 4.232 Acres zoned BP/TO - $322,000

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 118AA001
Zoning: OB/TO AND BP/TO
Part of Planned Development?: Yes
Development Name: Centerpoint Commons
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,063 31,798 95,636
Median Age: 37.92 40.01 39.6
Households: 833 12,729 38,356

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