Download Offering Materials: Maryville Flats Development Site

Capstone is pleased to present the Maryville Flats Development Site, a ±8.43-acre development site in Maryville, Tennessee. Maryville Flats has successfully gone through the Board of Zoning Adjustment and has been approved for multi-family zoning at 12 units per acre, totaling ±102 units. The development site is located in close proximity to all major employers, retail, and demand drivers in the area. Situated less than two minutes from the intersection of Highway 321 and 129 (20,000+ VPD), the site benefits from easy access and tremendous visibility, creating a built-in marketing advantage for new ownership. Within walking distance are major retailers including Target, Kirkland’s Home, HomeGoods, Starbucks, Planet Fitness, and more. Maryville has seen tremendous population growth as of late, and only 64 units have been delivered over the past year. With in-place multi-family zoning, direct access and visibility, and a proven demand for new construction product, Maryville Flats Development Site is primed for a market-rate, multi-family development. The site presents investors with a unique opportunity to deliver a new product in the fast-growing market of Maryville, Tennessee.

Investment Highlights
Ideal In-Place Multi-Family Zoning with Multiple Product Options
Excellent Proximity to Class A Retail and Major Demand Drivers
Ideally Located with Tremendous Visibility and Access
Favorable Renter Demographics in Booming Submarket