South Knoxville BTR Project

Gondola Drive Knoxville, TN 37920

Gondola Drive, Knoxville, TN, 37920
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FOR SALE
Property Type:
Residential Land Development
Amount:
$1,650,000
Last Verified:
Mar 24, 2023

Highlights

  • Rezoning and entitlements in place.
  • Construction documents complete.
  • Start site-work immediately upon closing..
  • Possible short-term owner financing available.
  • High growth area

Description

Fully approved build-to-rent project for sale in South Knoxville. The property is being sold with all approvals in place, along with finished construction documents for 3 and 4 bedroom units. This is a complete package - close and start construction Day 1!

Located in the growing South Knoxville market, this site is in close proximity to the intersection of Gov. John Sevier Highway and Chapman Highway. It is within 15 minutes of Downtown Knoxville. Due to the unprecedented influx of people relocating to Knoxville, the South Knoxville market has shown marked growth over the past 18 months.

Lot Size: 32.12 acres

Map of Gondola Drive, Knoxville, TN, 37920

Presented by:
NAI Koella RM Moore

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Heidi Adams


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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.