0 Central Ave Pike, Knoxville, TN 37912
(MLS # 1326333)

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±91.44 acres of entitled high-density residential development land located within the City of Knoxville, zoned RN-6. RN-6 zoning permits multifamily residential development, including apartments, at densities of greater than 24 dwelling units per acre, subject to site design and City approval. The property has been successfully rezoned, and a City of Knoxville staff report supporting the RN-6 zoning is available for review. The property is currently offered as one contiguous parcel, with the ability to subdivide for phased development or multiple buyers. Given the scale of the site, it is well-suited for a master-planned residential community or a mixed development approach, including multifamily apartments, build-to-rent communities, townhomes, and other attached residential product types permitted under current zoning. The site is largely undeveloped and provides flexibility for a range of development strategies. Preliminary discussions with the City have included the potential preservation of approximately 17 acres of steep terrain at the rear of the property as open space or a legacy park, aligning with hillside protection considerations and community planning objectives. No approvals or commitments are implied. Due to topography and applicable hillside protection standards, approximately 75 acres are considered potentially developable/disturbable, subject to final engineering, design, and regulatory approval. Utilities: Sewer infrastructure is available along the property frontage via both Knoxville Utilities Board (KUB) and Hallsdale-Powell Utility District, providing multiple service options supportive of large-scale or master-planned development. Additional utilities are available nearby. Due Diligence: A GeoServices geotechnical and site evaluation report has been completed and is available for review, providing additional insight into site conditions and development considerations. Market & Location Context: Knoxville has been recognized by multiple national relocation and inbound-migration studies as one of the top U.S. markets for relocation in 2026, supporting sustained demand across multifamily and residential housing product types. The property also benefits from proximity to the University of Tennessee, a major regional employer and economic driver reinforcing long-term housing demand. Sale structure, subdivision, density yield, open space concepts, and development feasibility subject to further discussion. Buyer to verify zoning, permitted uses, density, utilities, geotechnical conditions, and development feasibility with the City of Knoxville and applicable utility providers.