Apartment Site For Sale

Vacant Land for Sale
Catylist Listing ID: 30815573
Property Subtypes: Mobile Home Park, Multi-Family, Self Storage
Gross Land Area: 3 Acres
Sale Price: $499,900
Unit Price: $166,633 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/25/2022

Overview / Comments

The listed property is part of 25.64 acres owned by Midwest Communications, Inc. They operate 4 radio stations from this this location on top of Sharps Ridge.

They would like to sell off approximately 3 acres that they don't use. This will have frontage on Interstate 640 and access would be from Shipman Road which has been closed by the city. The owners will have the road opened and the property surveyed.

There are apartment complexes on both sides of the site and multifamily would be the logical use for the property. Rezoning would be required for such development. The current zoning is OS but rezoning should not be an issue because of the surrounding zoning.

See maps attached to this listing. Please call listing agent for more details.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 069KB036

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,814 76,144 163,805
Median Age: 36.91 36.34 35.06
Households: 4,945 33,786 68,640

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