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203 Michigan Ave - Oak Ridge Multifamily Development Opportunity 5.73 Acres of Residential Land Offered at $2,100,000 in Oak Ridge, TN 37830
Investment Highlights
- Excellent Oak Ridge, TN location
- Convenient access to I-140, I40 and major medical hubs
- R-3 Zoning
- High density Residential opportunity
Executive Summary
SVN | Wood Properties is pleased to present 5.73 acres of high-density residential land located in the heart of Oak Ridge, Tennessee. This offering consists of two contiguous parcels, 203 Michigan Avenue and 141 W Madison Lane, perfectly positioned adjacent to the Methodist Medical Center, a major regional healthcare anchor. Zoned R-3 (High Density Residential), this property is ideally suited for a range of development opportunities including multifamily housing, senior living, townhomes, or medical-related residential uses. The high visibility and proximity to existing medical infrastructure also make this site an ideal candidate for assisted living facilities, medical offices with residential components, or wellness-focused communities.
Oak Ridge, home to Oak Ridge National Laboratory (ORNL) and Y-12 National Security Complex, is a thriving nuclear and advanced energy hub. Multiple companies in Oak Ridge provide thousands of high quality, high paying jobs. More housing is needed in the area as companies continue to move and expand operations in the area.
Oak Ridge, home to Oak Ridge National Laboratory (ORNL) and Y-12 National Security Complex, is a thriving nuclear and advanced energy hub. Multiple companies in Oak Ridge provide thousands of high quality, high paying jobs. More housing is needed in the area as companies continue to move and expand operations in the area.
Property Facts
| Price | $2,100,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.73 AC |
| Property Type | Land | ||
| Zoning | R-3 - Residential | ||
| Price | $2,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 5.73 AC |
| Zoning | R-3 - Residential |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 5.73 AC |
| Price Per AC | $366,492.15 |
| Price | $2,100,000 |
| Price Per AC | $366,492.15 |
| Lot Size | 5.73 AC |
5.73 acres of high-density residential land located in the heart of Oak Ridge, Tennessee.
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
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203 Michigan Ave - Oak Ridge Multifamily Development Opportunity
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