203 Michigan Ave - Residential LAND FOR SALE


Oak Ridge, TN 37830 249,599 SF
$2,100,000 USD
865-202-6767
203 Michigan Ave, Oak Ridge, TN for Sale
$2,100,000 USD
Residential LAND - FOR SALE
1/23
249,599 SF

203 Michigan Ave
Oak Ridge, TN 37830


HIGHLIGHTS

  • Excellent Oak Ridge, TN location
  • R-3 Zoning
  • Convenient access to I-140, I40 and major medical hubs
  • High density Residential opportunity

OVERVIEW

SVN | Wood Properties is pleased to present 5.73 acres of high-density residential land located in the heart of Oak Ridge, Tennessee. This offering consists of two contiguous parcels, 203 Michigan Avenue and 141 W Madison Lane, perfectly positioned adjacent to the Methodist Medical Center, a major regional healthcare anchor. Zoned R-3 (High Density Residential), this property is ideally suited for a range of development opportunities including multifamily housing, senior living, townhomes, or medical-related residential uses. The high visibility and proximity to existing medical infrastructure also make this site an ideal candidate for assisted living facilities, medical offices with residential components, or wellness-focused communities. Oak Ridge, home to Oak Ridge National Laboratory (ORNL) and Y-12 National Security Complex, is a thriving nuclear and advanced energy hub. Multiple companies in Oak Ridge provide thousands of high quality, high paying jobs. More housing is needed in the area as companies continue to move and expand operations in the area.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/ACRE

$366,492/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Oak Ridge Multifamily Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

5.73 AC

LAND SF

249,599 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon RoosenSVN | Wood PropertiesMore Info
865-202-6767

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Jon RoosenSVN | Wood PropertiesMore Info
865-202-6767

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