E Hill Ave

Land

E Hill Ave, KnoxvilleTN 37915

Property Details

Location

Address
E Hill Ave, KnoxvilleTN 37915
County
Knox
Submarket
Parcels
095IC00403
In Opportunity Zone
Yes

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Single Tenant
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
2.76 Acres
Land (SF)
120,226 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
DK-B
Lot Depth
Lot Width

Contacts

Current Listings

Downtown Knoxville Land in Opportunity Zone

2.76 Acres$4,850,000
SVN I Wood Properties

This prime urban development opportunity has a strategic location, flexible zoning, and the possibility of large tax savings. The flexible DK-B zoning allows for many uses including multifamily and mixed use developments. The DK-B zoning has no height restrictions, making this an ideal multifamily or student housing development site. The University of Tennessee, with a growing enrollment of over 30,000 students, is 5 minutes away. Downtown Knoxville and all of the retail, restaurants, and entertainment it has to offer is less than a mile away.

This site is located in an opportunity zone which could provide significant tax benefits. The Opportunity Zone program allows investors to take capital gains from the sale of a property and roll those gains into a property in a qualified Opportunity Zone. The property is also a prime candidate for the payment-in-lieu-of-taxes (PILOT) program. Under this program, property taxes are frozen for a number of years.

Highlights:

- Flexible Zoning

- Near Downtown Knoxville and the University of Tennessee

- Major Tax Benefits Available

SVN I Wood Properties

This prime urban development opportunity has a strategic location, flexible zoning, and the possibility of large tax savings. The flexible DK-B zoning allows for many uses including multifamily and mixed use developments. The DK-B zoning has no height restrictions, making this an ideal multifamily or student housing development site. The University of Tennessee, with a growing enrollment of over 30,000 students, is 5 minutes away. Downtown Knoxville and all of the retail, restaurants, and entertainment it has to offer is less than a mile away.

This site is located in an opportunity zone which could provide significant tax benefits. The Opportunity Zone program allows investors to take capital gains from the sale of a property and roll those gains into a property in a qualified Opportunity Zone. The property is also a prime candidate for the payment-in-lieu-of-taxes (PILOT) program. Under this program, property taxes are frozen for a number of years.

Highlights:

- Flexible Zoning

- Near Downtown Knoxville and the University of Tennessee

- Major Tax Benefits Available

View Details
View Details

Attachments

CIE

Source: KAAR

More Information

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