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203 Michigan Ave Oak Ridge, TN 37830

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For Sale
$2,100,000

5.73 acres of high-density residential land in Oak Ridge.

Property size:
5 SF
Lot size:
5.73 Acres

Property Features for 203 Michigan Ave

General Information

Size
5 SF
Lot size
5.73 Acres

Source: Jon Roosen Agent Jon Roosen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Oak Ridge Residential Development Land

This 5.73-acre property, comprised of two contiguous parcels located at 203 Michigan Avenue and 141 W Madison Lane in Oak Ridge, Tennessee, is zoned R-3 (High Density Residential). The site is suitable for multifamily housing, senior living, townhomes, or medical-related residential uses. Its high visibility and proximity to existing medical infrastructure also make it an ideal candidate for assisted living facilities, medical offices with residential components, or wellness-focused communities. The property is located adjacent to the Methodist Medical Center. The surrounding area offers opportunities for high-density residential and medical developments, with proximity to local amenities. Nearby green spaces include Alvin K. Bissell Park, and the Manhattan Project National Historical Park. The location provides convenient access to I-140, I-40, and major medical hubs. Oak Ridge is home to Oak Ridge National Laboratory (ORNL) and Y-12 National Security Complex. The area needs more housing as companies continue to move and expand operations.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oak Ridge
County
Anderson
State
Tennessee
Longitude
-84.245249
Latitude
36.027139

FAQs

What type of property is this?
Land - 5.73 acres of high-density residential land in Oak Ridge.
Where is this land located?
The property is located at 203 Michigan Ave Oak Ridge, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Prime location adjacent to Methodist Medical Center.; - Zoned R-3 (High Density Residential), suitable for multifamily housing, senior living, townhomes, or medical-related residential uses.; - Located in Oak Ridge, a thriving nuclear and advanced energy hub.
More about this property
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