0 Knoxville Development Knoxville, TN 37932
This exceptional 8.14-acre commercial property presents a unique investment opportunity in the thriving West Knoxville area, specifically within the Farragut jurisdiction. The land, held by a single family for over seven decades, comprises three parcels offering diverse development potential. Two parcels are zoned R-1 (Single Family Residence), allowing for residential construction, while one parcel is zoned O-1 (Office), opening possibilities for commercial development. A 2,408 square foot home, built in 1965, is situated on the O-1 zoned parcel. The property features a gently sloping terrain rising from Snyder Road, accessed via a paved asphalt lane. The location offers excellent accessibility and visibility, situated in a fully urbanized area. With its substantial size and flexible zoning, this property is ideal for a variety of development projects, catering to both residential and commercial needs. The combined zoning and existing structure provide immediate income potential and long-term growth opportunities. This is a rare chance to acquire a significant land holding in a highly desirable and rapidly developing part of Knoxville, Tennessee. The property's address is 11745 Snyder Rd, Knoxville, TN 37932. The asking price is $1,496,250.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.