615-861-9906
106 Mitchell rd, Oak Ridge, TN for Sale
Commercial LAND - FOR SALE
1/2
1,408,295 SF

106 Mitchell rd
Oak Ridge, TN 37830


HIGHLIGHTS

  • In-Place Multifamily Zoning.
  • Existing Apartment Fundamentals.
  • Sophisticated Renter Demographics.
  • Proximity to Class A Retail, Demand Drivers, and Major Employers.
  • PILOT and Utility Availability (all on-site).

OVERVIEW

Northmarq is pleased to present the Oak Ridge Development Site, offering a premier investment opportunity, underscored by several key factors. The site benefits from in-place R-4 High-Density Residential zoning, allowing for development without requiring additional approvals along with an approved PILOT and Utilities at the site. This 32.33-acre site is positioned in the heart of Oak Ridge where new construction rents average $1,792 per unit with strong rent growth. The local submarket is characterized by an extremely well-educated workforce, robust job market, and high household incomes, driven by major government-backed employers like Oak Ridge National Laboratory, Y-12 National Security Complex, and Oak Ridge Associated Universities. Seller is open to an outright sale or joint venture which could include a land contribution or a multitude of other options.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Oak Ridge Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

32.33 AC

LAND SF

1,408,295 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam KlenkNorthmarqMore Info
615-861-9906

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Adam KlenkNorthmarqMore Info
615-861-9906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.