Primely positioned, 44-unit multifamily asset, poised within one of Knoxville’s hottest submarkets. Near major employers, the CBD and the University of Tennessee, the South Knox market is going through a rapid revitalization. The property is being marketed and will be sold via a call for offers process.
The South Knoxville waterfront, nestled along the scenic banks of the Tennessee River, has undergone a remarkable evolution in recent years. Once a largely industrial and underutilized area, the waterfront has transformed into a thriving hub of community activity, economic opportunity, and natural beauty. This growth exemplifies a successful collaboration between urban planners, local residents, the University of Tennessee, and private investors, all working towards a shared vision of revitalizing the waterfront while preserving its unique character.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.