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.
It’s not clear how the property, which was cleared and graded more than a decade ago, might be used. There have been inquiries about multi-family apartments, single-family homes, and industrial uses, said Tom Tuck of TNBANK, which is based in Oak Ridge and now owns the property.
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. It’s on the ridge top on the right side of the road as you head up the hill toward Centrifuge Way leaving Oak Ridge and driving to Knox County.
TNBANK foreclosed on the property in February. The previous owner was Revis Family LLC, according to Anderson County property records. [Read more…]