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6107 Central Ave Pike ave 91 Acres of Residential Land Offered at $10,000,000 in Knoxville, TN 37912
INVESTMENT HIGHLIGHTS
- ±91-acre RN-6 zoned multifamily site; development by right
- Completed geotechnical study (34 borings) reducing pre-development risk
- ±75 usable acres following City Hillside Protection evaluation
EXECUTIVE SUMMARY
One of the most extensive contiguous RN-6 multifamily tracts in the Knoxville MSA
Multifamily apartment development permitted by right within the City of Knoxville
Sanitary sewer available with utilities proximate to the site
Well-suited for a large-scale multifamily apartment anchor, with flexibility for phased or segmented execution.
GeoServices geotechnical study completed (34 borings – July 2023), reducing pre-development ris.k
Strong location with proximity to downtown Knoxville, the University of Tennessee, and major employment centers
Seller seeking a well-capitalized multifamily developer or sponsor
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $10,000,000 | Lot Size | 91.00 AC |
| Price Per AC | $109,890.11 |
| Price | $10,000,000 |
| Price Per AC | $109,890.11 |
| Lot Size | 91.00 AC |
Wooded, rolling ±91-acre tract with approximately 2,700’ of frontage on Central Avenue Pike. Minor powerline easement along western edge; hillside protection area primarily along rear boundary.
DESCRIPTION
The property consists of ±91 acres located on Central Avenue Pike within the City of Knoxville, Tennessee. The site is zoned RN-6, permitting high-density multifamily residential development by right, and represents one of the most extensive contiguous RN-6 multifamily tracts in the Knoxville MSA. A Hillside Protection evaluation was completed through the City of Knoxville, resulting in approximately ±75 acres of usable/buildable area, supporting a large-scale, master-planned multifamily apartment community. Sanitary sewer is available, with utilities proximate to the site. A GeoServices geotechnical study, including 34 borings, was completed in July 2023, reducing pre-development risk and supporting future site planning. The property is well-suited for a well-capitalized multifamily apartment anchor, with flexibility for phased or segmented execution. The location provides convenient access to downtown Knoxville, the University of Tennessee, and major employment centers, supporting long-term multifamily demand fundamentals.
PROPERTY TAXES
| Parcel Number | 068-078 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $218,425 |
PROPERTY TAXES
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6107 Central Ave Pike ave
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