290 Fox Holw Rd Townsend, TN 37882-4135
8-603. R-2 High Density Residential . It is the intent of this district to provide area for a single and multi-fam ily dwellings; to encourage development and continued u se of the land for residential purposes; to prohibit business and industrial uses; and other uses which would interfe re with development or continuation of single or multi-family dwellings…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Townsend, TN8-603. R-2 High Density Residential . It is the intent of this district to provide area for a single and multi-fam ily dwellings; to encourage development and continued u se of the land for residential purposes; to prohibit business and industrial uses; and other uses which would interfe re with development or continuation of single or multi-family dwellings. 1. Uses permitted : In order to achieve the intent of the R-2 High Density Residential District, as shown on the Zoning Map of the City of Townsend, Tennessee, the following uses are permitted: a. Any use permitted in the R-1 Residential Distric t. b. Mobile home parks under PUD regulations. 85 c. Multi-family uses, provided they have an innovat ion sanitary sewage disposal system approved by the Tennessee Department of Public Health. The system shall be designed for the maximum number of units to be located on the site. d. Boarding and rooming houses. e. Day care centers, following approval of a site p lan by the planning commission and the issuance of a letter of approval by the Department of Human Services. f. Funeral homes, hospitals and medical clinics, fraternal organizations and clubs not operated for profit, nursing homes, and similar uses following approval of a site plan by the planning commission. g. Accessory buildings ( excluding detached garages/carports ) provided that they are located in rear yards and no closer than five (5)to any property line. (Ord. 288-16-1P) 2. The Board of Zoning Appeals may hear and determ ine if any use not listed as a permitted use is of the sam e general character as other permitted uses in the district and is consistent with the intent and purp ose of the district. (Ord. 292-17-1P) 8-604. B-1 General Business District . It is the intent of this district to permit a mixture of commercial, public, semi- public, and residential uses. The regulations are i ntended to reduce automobile traffic congestion, encourage pedestrian traffic, and maintain the aesthetic characteristics of the community. In order to achie ve the intent of the B-1 General Business District, plans shall be required for all new construction and for a propose d change of use from residential to commercial. Site plans shall conform with the site plan regulations established under
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.