Residential Development Land with
For Sale
$3,200,000
Pending
8150 Pelleaux Rd, Knoxville, TN 37938
Lots & Acreage, Knoxville, TN
Property SizeContact for details
Lot Size2.40 Acres
Days on Market55
Property Features for 8150 Pelleaux Rd
General Information
Property type
Land
Property subtype
Other
Zoning description
Zoned Residential
Lot features
Pond, Private, Rolling, Corner Lot, Irregular Lot, Rolling Slope
Directions
I-75 to Emory Road Exit 112 * Go East on Emory Road * Continue East approx 5 miles to Left onto US 441 Norris Freeway * Go approx 2 miles to Property on Left * Left onto Pelleaux Rd * Property is on the corner of Norris Freeway and Pelleaux Road. Sign on Property *
Subdivision
Knox County - 1
Standard status
Pending
APN
028 021
Lot size
2.40 Acres
Taxes and HOA fees
Tax Annual Amount
784
Utilities
Utilities
Cable Available
Listing Agency:
Southland Realtors, Inc
(865) 693-6961
Listed By:
Azaan Kherani
(865) 924-4431
Added: Jul 7
Changed: Aug 25
Last Checked: Aug 30 at 2:06AM
MLS# 1347341
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential development land offering includes a mix of cleared pasture and woodland, along with an original farmhouse that is currently occupied by a month-to-month tenant generating $1,000 per month in rental income. The property is described as 40 contiguous acres, with approximately 31 acres of cleared, open pasture and 9 acres of woodland.
The site is currently zoned to accommodate 3.5 units per acre for an estimated 142 total units, with an indicated path to re-zone to 4 units per acre for an estimated 162 total units. The listing also notes favorable infrastructure logistics, including over 1,500 linear feet of frontage along Norris Freeway and main access from Pelleaux Road, with essential utilities available at the street.
For planning and feasibility purposes, the property is presented as positioned in Halls Crossroads in Knox County, with the listing emphasizing proximity to Norris Freeway and nearby shopping, medical facilities, restaurants, and schools.
The site is currently zoned to accommodate 3.5 units per acre for an estimated 142 total units, with an indicated path to re-zone to 4 units per acre for an estimated 162 total units. The listing also notes favorable infrastructure logistics, including over 1,500 linear feet of frontage along Norris Freeway and main access from Pelleaux Road, with essential utilities available at the street.
For planning and feasibility purposes, the property is presented as positioned in Halls Crossroads in Knox County, with the listing emphasizing proximity to Norris Freeway and nearby shopping, medical facilities, restaurants, and schools.
Key Highlights
- 40 contiguous acres near Halls Crossroads, about 20 minutes north of downtown Knoxville
- Land mix includes approx. 31 acres cleared pasture and 9 acres woodland
- Zoned for approx. 3.5 units per acre for 142 total units; concept plan references re‑zoning to 4 units per acre (162 total units)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 37938, TN
18,207
Population
7,208
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
32.4 sq mi
ZIP Area
562
Density / Sq Mi
$80,868
Median Household Income
$46,806
Median Earnings
$1,091
Median Rent
$287,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel with cleared pasture and woodland, with an occupied farmhouse and frontage on Norris Freeway.
Where is this residential land & home lot located?
The property is located at 8150 Pelleaux Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 40 contiguous acres near Halls Crossroads, about 20 minutes north of downtown Knoxville; Land mix includes approx. 31 acres cleared pasture and 9 acres woodland; Zoned for approx. 3.5 units per acre for 142 total units; concept plan references re‑zoning to 4 units per acre (162 total units)
