8150 Pelleaux Rd, Knoxville, TN 37938
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8150 Pelleaux Rd, Knoxville, TN 37938
8150 Pelleaux Rd, Knoxville, TN 37938
8150 Pelleaux Rd, Knoxville, TN 37938
8150 Pelleaux Rd, Knoxville, TN 37938
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Nic Nicaud

Nic Nicaud

+1(865) 205-4208
$ 3,200,000
Est. payment /mo
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8150 Pelleaux Rd Knoxville, TN 37938

2.4 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1347341

Lot Size 2.400 Acres

Acres 2.4

Lot Dimensions 40.46 acres per Knox County Records

Source East Tennessee REALTORS® MLS

Property Description

Attention developers and builders! This is the Kelley Farm--40 contiguous acres of high-potential East Tennessee land perfectly positioned for a premier residential community in the heart of Halls Crossroads, just 20 minutes north of downtown Knoxville. Featuring approximately 31 acres of cleared, open pasture and 9 acres of beautiful woodland, this site is currently zoned to accommodate 3.5 units per acre for an immediate yield of 142 total units. With a solid concept plan, there is an excellent path to re-zone to 4 units per acre, pushing your maximum potential to 162 total units. Infrastructure logistics are highly favorable, boasting over 1,500 linear feet of premium frontage along Norris Freeway, seamless main access from Pelleaux Road, and all essential utilities readily available right at the street. Adding immediate value, the original farmhouse on the property is currently occupied by a month-to-month tenant generating $1,000 per month in rental income, providing a steady holding cash flow while you navigate the engineering, permitting, and planning phases. Location convenience is unmatched for future residents, sitting directly next to Norris Freeway and just moments from the Halls Walmart, extensive shopping, medical facilities, restaurants, and top local schools. Capitalize on Knox County-only taxes and the soaring demand for residential density in this market--bring your concept plan and schedule your site tour today.

Location

State TN

County Knox County - 1

Area 2.4

Zoning Zoned Residential

Exterior

Utilities Available Cable TV

View Country Setting, Mountain View, Wooded

Topography [object Array]

Road Frontage , State, County

Garage No

Building

Lot Description Pond, Private, Rolling, Corner Lot, Irregular Lot, Rolling Slope

Faces I-75 to Emory Road Exit 112 * Go East on Emory Road * Continue East approx 5 miles to Left onto US 441 Norris Freeway * Go approx 2 miles to Property on Left * Left onto Pelleaux Rd * Property is on the corner of Norris Freeway and Pelleaux Road. Sign on Property *

Others

Restrictions No

Tax ID 028 021

Acceptable Financing VA Loan, Call Listing Agent, Cash, Conventional, FHA

Listing Terms VA Loan, Call Listing Agent, Cash, Conventional, FHA

Listed by Southland Realtors, Inc

NEARBY SCHOOLS & PROPERTIES

Nic Nicaud

Nic Nicaud

Broker | License ID: 302707

+1(865) 205-4208

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