79 Acres Development Land near Schaad Road

Vacant Land for Sale
Catylist Listing ID: 30650969
Property Subtypes: Residential (Single Family)
Gross Land Area: 79.37 Acres
Sale Price: $1,050,000
Unit Price: $13,229 Per Acre
Sale Terms: Cash to Seller
Last Updated: 12/2/2020

Overview / Comments

79.37 Acre residential development site in west Knoxville, TN near the new 5-lane Schaad Road and 30-acre Grassy Creek commercial development. Zoned for residential subdivision, the site previously was approved in 2007 for a 205 lot subdivision. The property has since been annexed into the City of Knoxville and a new concept plan will be required. The property is included in the HP overlay, which encourages clustered development in level portions of the property.

- Surrounded by residential development with 4 possible access points for traffic and utilities. Over 2,300 new homes have been approved in the surrounding area.

- Easy access to the new 5-lane Schaad Road Arterial and Grassy Creek Mixed Use development, both within 1/2 mile of the site. The 30 acre Grassy Creek development is anchored by a new Food City grocery store and will include shops, restaurants and other uses. The 110-acre Victor Ashe park is only 2.3 miles to the east.

- Located in the desirable Amherst Elementary School Zone, Northwest Middle School and Karns High School.

- Limited competitive properties, as this is one of the largest undeveloped tracts available in the City of Knoxville.

- Bank-Owned Property sold “AS IS”, “WHERE IS”, No Disclosures, No Repairs, No Warranties, No Environmental Warranties of Seller whatsoever. Seller has never occupied the Property.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 092 054

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,676 61,455 148,216
Median Age: 33.19 35.74 36.51
Households: 3,641 26,594 64,782

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