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Listed by David Quillen • Crye-Leike Lakeway Real Estate
$2,500,000
Est. payment /mo
1,001,880 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,001,880 sqft
Price per Sqft $2
MLS Listing ID 711362
Annual Tax Amount $134,975
Lot Size 23.000 Acres
Acres 23.0
Lot Dimensions 23.0
Property Sub-Type Unimproved Land
Source Lakeway Area Association of REALTORS®
Property Description
Beautiful ±23-acre development opportunity in a prime location adjoining the
prestigious Lochmere community. These three adjoining tracts are being sold together as one exceptional investment parcel with unlimited potential.
Currently zoned R-3 High Density Residential and approved as a Planned Unit Development
(PUD). The property offers tremendous flexibility for residential development. Existing approved site plans include:
Duplex buildings lining the street frontage
Condo-style buildings facing Lochmere with architectural elevations and floor plans
completed
A proposed 3-story apartment building approved for 40 townhomes
An additional ''Future Development'' section allowing for expanded possibilities.
The original PUD approval included a minimum of 242 residential units, with additional density potential in the future development area, and notably did not establish a maximum unit cap.
This highly desirable location combines convenience, natural beauty, and proximity to one of the area's most sought-after residential communities, making it ideal for apartments, condominiums, townhomes, or mixed residential concepts.
Buyer and agent to confirm all information to their satisfaction. All information per CRS.
prestigious Lochmere community. These three adjoining tracts are being sold together as one exceptional investment parcel with unlimited potential.
Currently zoned R-3 High Density Residential and approved as a Planned Unit Development
(PUD). The property offers tremendous flexibility for residential development. Existing approved site plans include:
Duplex buildings lining the street frontage
Condo-style buildings facing Lochmere with architectural elevations and floor plans
completed
A proposed 3-story apartment building approved for 40 townhomes
An additional ''Future Development'' section allowing for expanded possibilities.
The original PUD approval included a minimum of 242 residential units, with additional density potential in the future development area, and notably did not establish a maximum unit cap.
This highly desirable location combines convenience, natural beauty, and proximity to one of the area's most sought-after residential communities, making it ideal for apartments, condominiums, townhomes, or mixed residential concepts.
Buyer and agent to confirm all information to their satisfaction. All information per CRS.
Location
State TN
County Hamblen
Direction Traveling North on Cherokee Drive to right on Noes Chapel Rd. to properties on right. See signs.
Exterior
Utilities Available Cable Available, Electricity Available, Water Available
Building
Lot Description Irregular Lot
Water Public
Others
Senior Community No
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