$3,200,000
Knoxville, TN 37938
MLS# 1346602
2 beds | 1350 sqft
1 / 2
Property Description
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.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 3200000
Current Price: $3,200,000
Status: Active
Listing Date: 2026-07-01
Location, Tax & Legal Info
Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: County
Total Tax: 783.6
General Property Description
Type: Basement Ranch
# Bedrooms: 2
Lot Dimensions: 40.46 acres per Knox County Records
Acres: 40.46
Acre Source: Tax Records
# of Rooms: 6
Restrictions: No
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 1350
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: No
Basement: Yes
Bonus Room: No
SqFt - Total (Aprox): 1350
Baths - Full: 1
Baths - 1/2: 1
Year Built: 1963
Remarks & Misc
Directions: I-75 to Emory Road Exit 112 * Go East on Emory Road * Continue East approx 5 miles to Left onto US 441 Norris Freeway * Go approx 2 miles to Property on Left * Left onto Pelleaux Rd * Property is on the corner of Norris Freeway and Pelleaux Road. Sign on Property *
Public Remarks: 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.
Fencing
Chain: 1
Fenced Yard: 1
Atchd/Dtchd Type
Detached: 1
Style
Traditional: 1
Construction
Brick: 1
Frame: 1
Siding
Brick: 1
Fireplace
None: 1
Cooling
None: 1
Floors
Hardwood: 1
Other: 1
Garage/Parking
Garage Spaces: 1
Attached: 1
Basement: 1
Off-Street Parking: 1
RV Parking: 1
Basement
Slab: 1
Unfinished: 1
Walkout: 1
Lot Description
Corner Lot: 1
Irregular Lot: 1
Level: 1
Pond: 1
Private: 1
Rolling Slope: 1
Fuel
Electric: 1
View
Country Setting: 1
Mountain View: 1
Wooded: 1
Heat
None: 1
Dining Area
Eat-in Kitchen: 1
Kitchen/Dining Rm Co: 1
Appliances
None: 1
Other Rooms
Bedroom Main Level: 1
Mstr Bdrm Main Level: 1
Exterior Features
Cable Available (TV Only): 1
Porch - Covered: 1
Misc Features
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
Outbuildings
Barn: 1
Storage Shed: 1
New Financing
Call Listing Agent: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 8150
Street Name: Pelleaux
St Suffix: Rd
State/Province: TN
Zip Code: 37938
PIN #: 028 021
Geo Lat: 36.097858
Geo Lon: -83.957684
Status Change Info
Status Change Date: 2026-07-01
Property Features
Style: Traditional
Construction: Brick; Frame
Siding: Brick
Basement: Slab; Unfinished; Walkout
Lot Description: Corner Lot; Irregular Lot; Level; Pond; Private; Rolling Slope
View: Country Setting; Mountain View; Wooded
Fireplace: None
Floors: Hardwood; Other
Fuel: Electric
Heat: None
Cooling: None
Appliances: None
Sewer: Public Sewer
Water: Public
Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level
Misc Features: Washer/Dryer Connect
Exterior Features: Cable Available (TV Only); Porch - Covered
Fencing: Chain; Fenced Yard
Outbuildings: Barn; Storage Shed
Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co
Showing: See Agent Instructns
New Financing: Call Listing Agent; Cash; Conventional; FHA; VA Loan
IDX
Listing Office: Southland Realtors, Inc
Last Updated: July - 23 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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