Heritage Lake Blvd Knoxville, TN 37922
- Apartment buildings
- 4.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Heritage Lake Blvd
- Lot size
- 4.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional 3.96-acre multifamily property in Knoxville, Tennessee, presents a compelling investment opportunity. Located on Heritage Lake Blvd, zip code 37922, this prime tract is zoned to accommodate up to 124 apartment units, offering significant development potential. The asking price is $1,875,000, translating to an attractive per-unit price of $20,000. The property's ideal location and zoning make it particularly well-suited for senior living development, although other multifamily uses are also permissible. This represents a rare chance to acquire a substantial land parcel in a desirable Knoxville neighborhood. The property's size and zoning flexibility provide considerable upside potential for future growth and profitability. Detailed site plans and zoning information are readily available upon request. This is a turnkey opportunity for investors seeking a high-return multifamily project in a thriving Tennessee market. The property's location offers convenient access to local amenities and transportation networks, enhancing its appeal to potential residents. Serious inquiries are encouraged to explore this exceptional investment prospect further. Don't miss this chance to secure a prime piece of Knoxville real estate.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -84.098
- Latitude
- 35.8711
