Lovell Road Office/Multi-Family Site

Vacant Land for Sale
Catylist Listing ID: 30045723
Property Subtypes: Hospitality, Multi-Family, Office, Other
Gross Land Area: 4.50 Acres
Sale Price: $725,000
Unit Price: $161,111 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2017

Overview / Comments

Great office or Multi-Family site zoned OB in the fast-growing Pellissipi/Hardin Valley corridor. Zoning allows for 12 units per acre of multi-family and a rough-graded pad exists that could accommodate 100+ units or around 30,000 sf of office. Convenient to Lovell Road, I-40/75 and Turkey Creek, with easy access to Karns and Hardin Valley. Adjacent 4.5 acre site is currently being developed by Best Senior Care Giving for a 64-bed Assisted Living Facility. Additional acreage is available to increase the # of possible multi-family units.

Additional Details

Nearest MSA: Knoxville
County: Knox
Property Visibility: Good
Zoning Description: Knox County OB

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,837 32,881 101,587
Median Age: 35.74 39.54 39.45
Households: 1,507 13,015 40,896
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