Log In/Sign Up
Your email has been sent.
115 E Jackson Ave 0.41 Acres of Commercial Land Offered at $8,027,009 CAD in Knoxville, TN 37915
Investment Highlights
- 0.41 acres with over 106’ of frontage on Jackson Avenue
- Highly walkable to all downtown attractions
- Opportunity Zone
- Heart of The Old City/downtown Knoxville location
- DK-W with no building height restrictions
Executive Summary
THE PINNACLE OF OLD CITY DEVELOPMENT
The Opportunity
115 E Jackson Ave is a premier 0.41-acre development site located in the epicenter of Knoxville’s historic Old City. This is a rare "covered land play"—a high-yield asset that pays for itself while you design, permit, and entitle a landmark high-rise project.
Unrivaled Income & Holding Strategy
While most development sites carry significant holding costs, this parcel is a turnkey revenue engine.
-Current Net Operating Income (NOI): $240,000/year.
-Asset Class: Fully operational, high-demand parking lot.
-The Advantage: The existing income provides a robust cap rate, mitigating interest rate risk and carry costs during the pre-development phase.
Development Potential: No Height Limits
Located within the DK-W (Downtown Warehouse) subdistrict, this parcel offers the rarest of urban commodities: No Maximum Building Height.
-Highest & Best Use: A high-rise mixed-use tower featuring luxury condos, market-rate multifamily units, or a flagship hospitality brand.
-Zoning Flexibility: Broad zoning allows for retail, office, and entertainment integration on the ground floor to capitalize on the massive foot traffic of Jackson Ave.
Location: The Stadium Catalyst
The property is positioned just a 2-minute walk (approx. 500 feet) from the now-open Covenant Health Park.
The Stadium Effect: The stadium hosts 70+ Smokies baseball games plus year-round soccer and concerts, bringing hundreds of thousands of visitors directly past this site.
Neighborhood Synergy: Surrounded by Knoxville’s most celebrated culinary and nightlife destinations, including Kefi, Lonesome Dove, Fiori Lounge, and Brother Wolf.
The "Walkable Urban" Boom
Knoxville’s downtown residential occupancy remains near 97%. As the city shifts toward a more dense, walkable core, 115 E Jackson Ave stands as one of the last remaining parcels capable of supporting a project of this scale.
Summary of Features:
-Address: 115 E Jackson Ave, Knoxville, TN 37915
-Size: 0.41 AcresCurrent Income: $240,000/yr Net
-Zoning: DK-W (No Height Limit)
-Proximity: 0.2 miles to Covenant Health Park
The Opportunity
115 E Jackson Ave is a premier 0.41-acre development site located in the epicenter of Knoxville’s historic Old City. This is a rare "covered land play"—a high-yield asset that pays for itself while you design, permit, and entitle a landmark high-rise project.
Unrivaled Income & Holding Strategy
While most development sites carry significant holding costs, this parcel is a turnkey revenue engine.
-Current Net Operating Income (NOI): $240,000/year.
-Asset Class: Fully operational, high-demand parking lot.
-The Advantage: The existing income provides a robust cap rate, mitigating interest rate risk and carry costs during the pre-development phase.
Development Potential: No Height Limits
Located within the DK-W (Downtown Warehouse) subdistrict, this parcel offers the rarest of urban commodities: No Maximum Building Height.
-Highest & Best Use: A high-rise mixed-use tower featuring luxury condos, market-rate multifamily units, or a flagship hospitality brand.
-Zoning Flexibility: Broad zoning allows for retail, office, and entertainment integration on the ground floor to capitalize on the massive foot traffic of Jackson Ave.
Location: The Stadium Catalyst
The property is positioned just a 2-minute walk (approx. 500 feet) from the now-open Covenant Health Park.
The Stadium Effect: The stadium hosts 70+ Smokies baseball games plus year-round soccer and concerts, bringing hundreds of thousands of visitors directly past this site.
Neighborhood Synergy: Surrounded by Knoxville’s most celebrated culinary and nightlife destinations, including Kefi, Lonesome Dove, Fiori Lounge, and Brother Wolf.
The "Walkable Urban" Boom
Knoxville’s downtown residential occupancy remains near 97%. As the city shifts toward a more dense, walkable core, 115 E Jackson Ave stands as one of the last remaining parcels capable of supporting a project of this scale.
Summary of Features:
-Address: 115 E Jackson Ave, Knoxville, TN 37915
-Size: 0.41 AcresCurrent Income: $240,000/yr Net
-Zoning: DK-W (No Height Limit)
-Proximity: 0.2 miles to Covenant Health Park
Property Facts
| Price | $8,027,009 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.41 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | DK-W - Mixed-Use | ||
| Price | $8,027,009 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.41 AC |
| Opportunity Zone |
Yes |
| Zoning | DK-W - Mixed-Use |
1 Lot Available
Lot
| Price | $8,027,009 CAD | Lot Size | 0.41 AC |
| Price Per AC | $19,578,070.61 CAD |
| Price | $8,027,009 CAD |
| Price Per AC | $19,578,070.61 CAD |
| Lot Size | 0.41 AC |
Old City 0.41AC. DK-W Zoning: NO HEIGHT LIMIT. Nets $240K/YR as parking. Ideal high-rise site for Multifamily, Hotel, Condos, Retail, or Office. 2-min walk to Stadium. Immediate cash flow during planning. Prime high-density downtown corner. Rare find
Description
Development opportunity in the heart of downtown Knoxville’s Old City. Surrounded by Knoxville’s best dining, shopping, and attractions, this 0.41 acre Opportunity Zone parcel is a 2 minute walk from the new downtown Stadium and highly walkable to all nearby attractions. The property is zoned DK-W, allowing for multifamily, mixed-use, retail, or hospitality development with no building height restrictions.
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
115 E Jackson Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.