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Brandon Thompson

brandon@savvy.realty +1(423) 310-6236

$3,200,000

Est. payment - /mo

2 Beds

2 Baths

1,350 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $2,370

MLS Listing ID 1346602

Style Traditional

Bedrooms 2

Full Baths 1

Half Baths 1

Year Built 1963

Lot Size 40.460 Acres

Acres 40.46

Lot Dimensions 40.46 acres per Knox County Records

Property Sub-Type Single Family Residence

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 40.46

Rooms

Other Rooms Bedroom Main Level, Mstr Bedroom Main Level

Basement Walkout, Slab, Unfinished

Dining Room Eat-in Kitchen

Interior

Interior Features Eat-in Kitchen

Heating None, Electric

Cooling None

Flooring Other, Hardwood

Fireplaces Type None

Fireplace No

Appliance None

Heat Source None, Electric

Exterior

Exterior Feature Porch - Covered, Cable Available (TV Only)

Parking Features Off-Street Parking, Attached, Basement, RV Parking

Garage Spaces 1.0

Garage Description Attached, RV Parking, Basement, Off-Street Parking, Attached

Utilities Available Cable Available (TV Only)

View Mountain View, Country Setting, Wooded

Total Parking Spaces 1

Garage Yes

Building

Lot Description Pond, Private, Corner Lot, Irregular Lot, Level, 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 *

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Storage, Barn(s)

Structure Type Brick,Frame

Others

Restrictions No

Tax ID 028 021

Energy Description Electric

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Listed by Southland Realtors, Inc

NEARBY SCHOOL & BUSINESS

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Brandon Thompson

+1(423) 310-6236

Agent | License ID: 360471

Agent License ID: 360471

8150 Pelleaux Rd Knoxville, TN 37938

Brandon Thompson

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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8150 Pelleaux Rd