$165,000
FIVE-LOT BUILDER & INVESTOR PACKAGE | 3.76 TOTAL ACRES | MULTIPLE BUILD OPPORTUNITIES IN PARROTTSVILLE TN
Offered together, these five lots total approximately 3.76 acres and present a strong opportunity for builders and investors seeking multiple homesites within the same immediate area. Four of the lots are located together within Grandview Ridge, while the fifth lot, 110 West Drive in Parrottsville Heights, is located approximately 0.4 miles away.
Grandview Ridge has seen continued residential development over the past several years, with new construction supporting consistently strong price-per-square-foot values. For builders, the four neighboring lots provide the advantage of concentrating multiple projects in one location, which can improve efficiency with subcontractors, material deliveries, equipment, scheduling, and overall construction management.
Potential strategies include building multiple homes for resale, completing homes in phases, holding select lots for future construction, or creating a small portfolio of new construction properties within the same market area.
The lots are served by Newport Utilities for electricity and public water. Builders should contact Newport Utilities directly regarding current tap fees, service installation, and connection requirements.
Wastewater service within Grandview Ridge is handled through the Town of Parrottsville system. The current connection process generally requires installation of a 1,000-gallon tank for solids, connection to the main sewer line, installation of a 4-inch shutoff valve and two-way tee, followed by inspection and approval prior to covering the connection, no septic permit is required in Grandview Ridge. Buyers and builders should independently verify all current requirements, fees, system capacity, permits, and specifications with the Town of Parrottsville and applicable utility providers.
The additional lot at 110 West Drive in Parrottsville Heights gives the buyer a fifth building opportunity just minutes from the Grandview Ridge lots, allowing a builder or investor to expand beyond a single subdivision while keeping all five properties within a very concentrated operating area.
This package is well positioned for a builder, developer, or investor looking for multiple East Tennessee homesites without having to assemble separate properties across a wide geographic area. Parrottsville offers convenient access to Newport, Interstate 40, shopping, grocery stores, schools, medical services, and everyday amenities, with additional access to Morristown, Sevierville, the Great Smoky Mountains, and the broader East Tennessee market. Schedule your showing today.
1356897
MLS
5 Lots Cocke County, Parrottsville