ONLINE ONLY REAL ESTATE AUCTION | BIDDING BEGINS TO CLOSE: Wednesday, April 30th at 12:00PM - Noon (ET) | 13.44+/- acres of land in Lenoir City with fully approved concept plan for shovel ready subdivision development. Prime Development Opportunity in Lenoir City - Loudon County. Investors and developers, seize an exceptional real estate opportunity in one of Lenoir City's most strategic locations. This 13.44+/- acre Planned Unit Development (PUD), represents a rare canvas for transformative real estate investment.
The property offers multiple lucrative development strategies: No established covenants & restrictions, Loudon County taxes only, Fully approved concept plan for 13 lots, Approved for 26 total residential units, with all plans and construction documents conveying, R-1 Zoning, SWPPP already in place. Strategic Location Highlights: Situated just off Highway 70 in Lenoir City
Immediate proximity to Highway 321, Quick access to I-75, Entry to property from Abbott Road off of Highway 70. Investors can: Complete lot development and sell individual parcels, Construct condominiums for immediate resale, Build out as a rental property portfolio. The approved concept plan and strategic location make this a turn-key development opportunity with minimal development hurdles. Whether you're a developer seeking to maximize return or an investor looking to diversify your real estate portfolio. This property is a blank canvas with no current restrictions - it is not a part of the current Pleasant Ridge Subdivision. Investors can draw up covenants and restrictions for the development at their liking. All development plans and approvals to be given/transferred to the Buyer at closing. Buyer is responsible for the transfer of permits to entity or individual of Buyer's choosing.
Kenny Phillips, Auctioneer | TN Lic #2385
Phillip Hopper, Auctioneer | TN Lic #6709
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