Multi-Family Land, 47 Units approved - West Knox

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30849701
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 3.95 Acres
Sale Price: $1,300,000
Unit Price: $329,113 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

Extremely rare opportunity for multi-family development in West Knoxville. This A+ location is fully entitled and approved for 47 units just south of the intersection of Ebenezer Rd/Bluegrass Rd and within one mile of new neighborhood retail centers Crescent Ebenezer and The Shops at Bexhill.

Site plans and survey attached.

Attachments & Media

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $1,841 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 144MA05301
Zoning: OB
Feet of Frontage: 175
Site Description: Level
Area Description: 600 feet south of Ebenezer Rd and Bluegrass Rd intersection on west side of Ebenezer.
Lot Frontage: 175
Lot Depth: 655
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,071 41,565 97,037
Median Age: 38.26 39.34 39.53
Households: 3,128 16,764 41,488

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