$429,900
Exceptional infill development opportunity consisting of six contiguous legal lots along Apex Drive, offered only as a complete package. The property includes five street addresses--4304, 4310, 4318, 4328 and 4332 Apex Drive--with 4332 consisting of two separate legal lots. Together, the six lots contain approximately 33,600 square feet, or 0.77 acres, according to public records.
Located within Knoxville's Traditional Neighborhood Residential (TDR) area, the property may be eligible for development under the city's Middle Housing Standards. Depending on final design and governmental approval, the combined property may offer development potential for up to 20 total dwelling units using a combination of fourplexes and stacked duplexes. The six-lot configuration also provides flexibility for lower-density detached single-family development.
The elevated homesites rise above Apex Drive and may provide potential area and mountain views from upper-level living spaces. Conveniently located near Bearden, downtown Knoxville, the University of Tennessee, Sutherland Avenue, Kingston Pike and I-40.
No development concept has been submitted for or received governmental approval. Buyer to independently verify parcel boundaries, lot dimensions, zoning, TDR eligibility, permitted uses, unit count, setbacks, parking, utility availability and connections, stormwater requirements, access, views and all other development requirements. Seller will not divide. Buyer to verify all information.
1352352
MLS
4332 Apex Drive, Knoxville