City View Apartments Development Site

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Description

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 Luxury

Multi-Family Zoned Site with Multiple Development Options

Ideally Located with Tremendous Visibility and Access

  • Address 1306 Simpson Road West
  • City Lenoir city
  • State/county Tennessee
  • Zip/Postal Code 37771

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Adam Klenk
  • Adam Klenk