Assembled Lots Near UT Campus

2119 Lake Avenue Knoxville, TN 37916

2119 Lake Avenue, Knoxville, TN, 37916
2119 Lake Avenue, Knoxville, TN, 37916
FOR SALE
Property Type:
Multifamily Land
Amount:
Please Call Broker for Price

Last Verified:
Oct 11, 2018

Highlights


Description

The property is located within blocks of the University of Tennessee campus (10,000 faculty & staff with a 28,000 student population) in a freshly rejuvenated entertainment, residential and retail corridor just off Cumberland Avenue. This destination is often the first experience out of town visitors see when they visit Knoxville and is the gateway connecting downtown and UT.

The district is experiencing a surge in redevelopment and reinvestment. According to officials, the public investment of $25 million in infrastructure has already helped leverage more than $190 million in private investment already.

The property is located on Lake Avenue just off Cumberland Avenue between 21st and 22nd Streets in a highly trafficked area, which includes an average daily bike count of 184.


Year Built: 1997
Building Size: 15114.0sq ft
Lot Size: 0.96 acres

Map of 2119 Lake Avenue, Knoxville, TN, 37916

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.