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1145 Midtown Commons Way

4.94 Acres of Commercial Land Offered at £1,690,092 in Knoxville, TN 37931

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Investment Highlights

Middlebrook Commons is a 5-acre development site with plans, environmental, and engineering in place for residential development.
Raw and rolling land, zoned OB and already approved for 120 total apartment units on the site.
Located on a four-lane highway and within 1,000 feet of a major grocery chain.

Strong demographics with projected 5-year population growth of 3.5% and median household income of $85,000 in a one-mile radius.
Utilities to site, along Middlebrook Pike in front of the property.
Situated approximately 20 minutes west of Downtown Knoxville via I-40 and Middlebrook Pike.

Executive Summary

Middlebrook Commons is a rare investment and development opportunity in Knoxville. It is positioned in a great location with easy access to the interstate and retail shopping nearby. With an approved plan for 120 units in a location projected to grow, this is an opportunity you will want to capitalize on!

MB Environmental

MBC Traffic Impact Study

Property Facts

Price	£1,690,092	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	4.94 AC
Property Type	Land

Price	£1,690,092
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	4.94 AC

1 Lot Available

Lot

Price	£1,690,092	Lot Size	4.94 AC
Price Per AC	£342,124

Price	£1,690,092
Price Per AC	£342,124
Lot Size	4.94 AC

This lot permits 24 units per acre and roughly 120 units total.

Description

This 4.94 acres of land is located on a State of Tennessee divided four lane highway with median. The property is 1,000 feet from a major Kroger grocery store and close to the intersection of Cedar Bluff Road and Middlebrook Highway. This is highly desirable site that is located at the heart of the geographic center of the City of Knoxville.

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