Odyssey Rd Jefferson City, TN 37760
- Apartment buildings
- 15.50 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Odyssey Rd
- Lot size
- 15.50 lot acres
- Property type
- Apartment buildings
Description
This exceptional 15.5-acre lot in Jefferson City, Tennessee, presents a compelling multifamily investment opportunity. Currently zoned for proposed R-3 High Density Residential, this property boasts a level topography and is ideally situated across from major retailers Walmart and Lowe's, ensuring high visibility and convenient access for future residents. All utilities are readily available. The location benefits from significant traffic counts, with 18,750 vehicles daily on E. Broadway Blvd, 17,540 on Hicks Rd, and 18,356 on Universal St. Proximity to other key amenities such as TVA Credit Union and Jefferson Memorial Hospital further enhances its appeal. The property is also minutes away from Morristown, a growing residential area, and close to Carson Newman College, providing a strong potential tenant base. Comprehensive demographic data reveals a robust market: within a 3-mile radius, the population is 14,751 with an average household income of $74,598; within 5 miles, the population expands to 22,451 and an average household income of $72,928; and within 10 miles, the population reaches 69,541 with an average household income of $74,271. The asking price for this prime development site is $2,600,000. This presents a rare chance to capitalize on the strong growth and demand in the Jefferson City area. The property is located at Odyssey Rd, Jefferson City, TN 37760.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jefferson City
- County
- Jefferson
- State
- Tennessee
- Longitude
- -83.4688
- Latitude
- 36.1347
