Cumberland Avenue Development Site

Vacant Land for Lease
Catylist Listing ID: 30048201
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 1 Acre
Lease Rate: $300,000 (Annual)
$6.89 PSF (Annual)
Base Monthly Rent: $25,000
Lease Types: Ground Lease
Last Updated: 8/17/2017

Overview / Comments

Fantastic almost 1 full acre site in the heart of the Cumberland Avenue "Strip" Corridor, zoned for high-density housing and retail mixed use development. Site includes 150 feet of frontage on Cumberland Avenue and 130 feet on White Avenue. Site currently has two existing buildings and 26 parking spaces along Cumberland and 50-space surface parking lot along White Ave. Highest and best use is re-development for high-rise student apartments with ground floor retail space. Cumberland Avenue Form-Based Code allows up to 8 stories in both CU-2 and CU-3 Districts.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Zoning: FD-CU-2/FD-CU-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,387 79,488 158,732
Median Age: 22.37 31.36 35.1
Households: 4,249 32,393 67,875

Contact

Photograph of Listing Agent

John Turley

First Commercial Real Estate
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