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    3124 Middlebrook Pike Knoxville, TN 37921

    For Sale
    $1,500,000

    Development opportunity near downtown Knoxville and University of Tennessee.

    Lot size:
    0.94 Acres

    Property Features for 3124 Middlebrook Pike

    General Information

    Lot size
    0.94 Acres

    Source: Wallace Commercial Agent Chris Bruce

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

    Overview

    Middlebrook Pike Development Opportunity

    This Middlebrook Pike development opportunity comprises six parcels, totaling approximately 0.94 acres, situated at the corner of Middlebrook Pike and Loraine Street at a red light intersection. The property features approximately 340 feet of frontage on Middlebrook Pike and 156 feet on Loraine Street. Located approximately 2 miles from downtown Knoxville and the University of Tennessee, the current zoning allows for mixed-use development, multifamily housing, retail, and other uses. Future building height will be restricted to 50 feet. An existing machine fabrication repair business will remain operational until the property is sold.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.962051
    Latitude
    35.962352

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    FAQs

    What type of property is this?
    Land - Development opportunity near downtown Knoxville and University of Tennessee.
    Where is this land located?
    The property is located at 3124 Middlebrook Pike Knoxville, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime development opportunity at the corner of Middlebrook Pike and Loraine Street red light intersection.; - Approximately 0.94 AC of land comprised of 6 parcels.; - Significant frontage on Middlebrook Pike (approximately 340 feet) and Loraine Street (156 feet).
    (865) 309-2100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3124 Middlebrook Pike Knoxville, TN 37921
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