Oak Ridge High-Density Residential
For Sale
$1,990,000
203 Michigan Ave, Oak Ridge, TN 37830
5.73 acres in Oak Ridge, TN, R-3 zoning.
Property SizeContact for details
Lot Size5.73 Acres
Days on Market157
Property Features for 203 Michigan Ave
General Information
Standard status
Active
Lot size
5.73 Acres
Property subtype
Land
Listing Agency:
SVN | Wood Properties
(865) 202-6767
Listed By:
Jon Roosen · License #366234
(865) 202-6767
Source:
Svnwood
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 16 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Wood Properties
Investment Insights
Based on property information with market context.
This offering features 5.73 acres of high-density residential land in Oak Ridge, Tennessee. The property consists of two contiguous parcels, located at 203 Michigan Avenue and 141 W Madison Lane. The site is adjacent to the Methodist Medical Center. Zoned R-3 (High Density Residential), the property is suited for multifamily housing, senior living, townhomes, or medical-related residential uses. The location and proximity to existing medical infrastructure make this site an ideal candidate for assisted living facilities, medical offices with residential components, or wellness-focused communities. The area around 203 Michigan Ave & 141 W Madison Ln is suited for high-density residential and medical developments. The location offers proximity to Alvin K. Bissell Park and the Manhattan Project National Historical Park. The site has convenient access to I-140, I40 and major medical hubs.
Key Highlights
- Prime location adjacent to Methodist Medical Center.
- Zoned R‑3 (High Density Residential), allowing for diverse development options.
- High visibility and convenient access to major interstates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 37830, TN
31,839
Population
15,110
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
84.8 sq mi
ZIP Area
375
Density / Sq Mi
$70,795
Median Household Income
$41,293
Median Earnings
$1,076
Median Rent
$234,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.73 acres in Oak Ridge, TN, R-3 zoning.
Where is this residential land & home lot located?
The property is located at 203 Michigan Ave Oak Ridge, TN.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime location adjacent to Methodist Medical Center.; Zoned R‑3 (High Density Residential), allowing for diverse development options.; High visibility and convenient access to major interstates.
