$380,000

Rare opportunity to own 8.24 acres in South Knoxville, offering excellent potential for residential development or a private estate. Conveniently located approximately 15 minutes from downtown Knoxville, this property presents an opportunity for developers, investors, or buyers seeking a substantial tract of land in an area experiencing continued growth. The property also includes an existing home at the front of the acreage that requires substantial renovation but offers another potential option for buyers looking to restore and utilize the existing residence. The electrical system and roof have both been replaced within the last three years. The property features a unique layout with approximately 5 acres of potential primary development area, complemented by additional acreage at the front and rear. Current zoning includes RB (General Residential) and A (Agricultural), with potential opportunities to explore additional residential development options through the applicable zoning and approval processes. Under RB zoning, the property allows 12 units per acre, or up to 24 units per acre with special review. Townhouses and multifamily housing are also allowed. The property's acreage and existing zoning make it worth exploring for a variety of residential concepts, including townhomes, subject to feasibility and approval. The property's topography, configuration, access, utilities, and development requirements should be independently evaluated. Whether you're an investor looking for your next development opportunity or a buyer searching for acreage with room to create something special, this property offers plenty of possibilities in a convenient South Knoxville location.