8150 Pelleaux Rd, Knoxville, TN 37938
- $3,200,000
- 2
- BD
- 2
- BA
- 1,350
- SqFt
- List Price
- $3,200,000
- MLS#
- 1346602
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Bedrooms
- 2
- Bathrooms
- 2
- Baths Half
- 1
- Baths Full
- 1
- Living Area
- 1,350
- Year Built
- 1963
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.
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Additional Information
- Acres
- 40.46
- Appliances
- None
- Basement
- Yes
- Construction
- Frame, Brick
- Cooling
- None
- Floors
- Other, Hardwood
- Garage
- Attached, Basement, Off Street, RV Access/Parking
- Garage Spaces
- 1
- Living Area
- 1,350
- Lot Description
- Rolling Slope, Corner Lot, Irregular Lot, Private, Pond on Lot
- Lot Dimensions
- 40.46 acres per Knox County Records
- Style
- Traditional
- View
- Mountain View, Wooded, Country Setting
- Year Built
- 1963
- Heating
- None, Electric
- Num Of Rooms
- 6
- Hoa
- No
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Southland Realtors, Inc.
Agent: Azaan Kherani |
Office: Southland Realtors, Inc |