A large ridge top tract of land that features panoramic views and was once proposed as the site of a Target retail development is now for sale. The land, which is also known as The Summit, is on Pine Ridge along South Illinois Avenue between Scarboro Road/Lafayette Drive and Centrifuge Way. A 30,000-square-foot building on the property is pictured above on Wednesday, Aug. 15, 2018. (Photo by John Huotari/Oak Ridge Today)
A building that is about 30,000 square feet and was once used to store documents on Pine Ridge for the Y-12 National Security Complex is under contract and in “due diligence,” according to an executive involved in the potential sale.
Also under contract is about 15 acres on Pine Ridge, also known as The Summit, a large piece of property that offers panoramic views from a ridge top above South Illinois Avenue in south Oak Ridge.
Noah Myers, principal broker with CornerStone Realty, said he hopes there is a closing on the building and land purchase this fall.
Separate from that potential purchase, there is about 85 acres of open land on Pine Ridge that is for sale for $3.5 million. It’s a mix of office and industrial property, Myers said. Utilities are in place, including roads, electricity, water, and sewer. [Read more…]
