Listing provided by: Azaan Kherani · Southland Realtors, Inc
Source: East Tennessee REALTORS® MLS · MLS# 1346602
Listing last updated
About this home
Attention developers and builders! This is the Kelley Farm--40 contiguous acres of high-potential East Tennessee land perfectly positioned for a premier residential community in the heart of Halls Crossroads, just 20 minutes north of downtown Knoxville. Featuring approximately 31 acres of cleared, open pasture and 9 acres of beautiful woodland, this site is currently zoned to accommodate 3.5 units per acre for an immediate yield of 142 total units. With a solid concept plan, there is an excellent path to re-zone to 4 units per acre, pushing your maximum potential to 162 total units. Infrastructure logistics are highly favorable, boasting over 1,500 linear feet of premium frontage along Norris Freeway, seamless main access from Pelleaux Road, and all essential utilities readily available right at the street. Adding immediate value, the original farmhouse on the property is currently occupied by a month-to-month tenant generating $1,000 per month in rental income, providing a steady holding cash flow while you navigate the engineering, permitting, and planning phases. Location convenience is unmatched for future residents, sitting directly next to Norris Freeway and just moments from the Halls Walmart, extensive shopping, medical facilities, restaurants, and top local schools. Capitalize on Knox County-only taxes and the soaring demand for residential density in this market--bring your concept plan and schedule your site tour today.
Facts & features
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- Half bathrooms: 1
- Heating: Electric
- Features: Eat-in Kitchen
- Flooring: Other, Hardwood
- Basement: Walkout, Slab, Unfinished
- Total rooms: 6
- Total interior livable area: 1,350 sqft
- Parking features: Off-Street Parking, Attached, Basement, RV Parking
- Garage spaces: 1
- Attached garage: Yes
- Size: 40.46 acres · 1,762,437.6 sqft
- Dimensions: 40.46 acres per Knox County Records
- Features: Pond, Private, Corner Lot, Irregular Lot, Level, Rolling Slope
- Patio & porch: Porch - Covered
- View: Mountain View, Country Setting, Wooded
- Parcel number: 028 021
- Home type: Single Family
- Property subtype: Single Family Residence
- Structure: Basement Ranch
- Architectural style: Traditional
- Materials: Brick, Frame
- Year built: 1963
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available (TV Only)
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Price: $3,200,000
- Price per square foot: $2370/sqft
- Annual tax: $783.6
- Date on market: Jul 1, 2026
- Days on market: 5
- Status: Active
- MLS #: 1346602
Location
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