Hardin Valley Development-ready 59-unit BFR Site

Vacant Land for Sale
Catylist Listing ID: 30843148
Property Subtypes: Residential (Single Family)
Gross Land Area: 24.77 Acres
Sale Price: $3,245,000
Unit Price: $131,005 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

SVN | Wood Properties is pleased to exclusively present this shovel ready build for rent or build-for-sale community in the highly desirable Hardin Valley submarket of Knoxville. The site is the third phase of an existing development and is approved for 59 attached single family townhome units, a product that is in high demand in the Knox County market. The site is fully entitled and a buyer can expect to be able to start moving dirt soon after closing. All available plans, approvals, and proposed unit elevations are included in the sale of the property. Improvements have already been made to the subject site and what remains to be completed is outlined below.

What has been completed:

- Mass grading - only fine grading and road transitions are left to do
- All utilities connect to the project at two different locations
- Temporary storm pond is in place – a significant portion of the storm work has been completed. The buyer will need to add one additional small pond for this phase
- All primary entrances have been installed and all common areas
- The utility site improvements have all been completed. The buyer will only need to install utilities within the subject phase for the units themselves
- Clearing has been completed

What needs to be completed:

- Engineered drawings for the site based on the buyer's preferred unit mix
- Final grade
- Installation of utilities for this phase by tapping into the existing connections
- Small amount of stormwater for this phase only
- Install roads and sidewalks for this phase only

Further, the property is conveniently located within the rapidly-growing Hardin Valley submarket and is zoned for Hardin Valley schools, which are known to be the most sought after in Knox County. In addition, I-40 is only two miles southwest of the site and Turkey Creek, West Knoxville's premier retail destination, is only a ten minute drive away.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 141 05003
Part of Planned Development?: Yes
Development Name: Everett Woods
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,738 21,534 52,732
Median Age: 42.14 44.81 42.48
Households: 818 8,126 20,115


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