Download Offering Materials: City View Apartments Development Site

Capstone is pleased to present the City View Apartments Development Site, a ±16.26-acre multi-family zoned site in the Loudon County submarket of Knoxville, Tennessee. The development site is well-positioned to serve Class A tenants or an affordable development such as LIHTC. Located just off Highway 321 (20,950 VPD), future residents will benefit from enhanced connectivity to downtown Lenoir City, into Maryville, and throughout the Knoxville MSA. The project has undergone due diligence including boundary and topographic survey, geotechnical exploration and service availability, and will serve letters for water, wastewater, and natural gas from the Lenoir City utilities board. The City View Apartments Development Site is an excellent opportunity for developers to meet the growing demand for rental properties in the area, while capturing market share in the rapidly-growing Knoxville MSA. The site also falls within a Qualified Census Tract (LIHTC), providing new ownership a variety of development options and tax incentives.

Investment Highlights
Ideal LIHTC Tax Credit Development Opportunity
Prime Location for Class A or LIHTC Multi-Family Development
Multi-Family Zoned Site with Multiple Development Options
Ideally Located with Tremendous Visibility and Access