808 State St - Downtown Knoxville Development Site 1.19 Acres of Commercial Land Offered at $12,319,647 CAD in Knoxville, TN 37902

Capital Realty Group is pleased to present a premier urban infill opportunity located in the heart of a rapidly transforming downtown corridor. This highly visible site offers immediate proximity to major office towers, hospitality assets, and key transportation routes, positioning it at the center of continued growth and investment.
The property features strong frontage, multiple access points, and exceptional visibility from surrounding roadways, making it ideal for a wide range of commercial or mixed-use concepts. Surrounded by established corporate presence and ongoing redevelopment, the site sits within one of the most active and supply-constrained submarkets in the region.
Currently improved with income-producing structures and additional revenue from on-site advertising, the asset provides near-term cash flow while offering a clear path toward future repositioning or redevelopment.
With its central location, scale, and exposure, this property presents a rare opportunity to deliver a high-impact project in a market with increasing demand for new residential, hospitality, and experiential retail offerings.
This is an ideal acquisition for a developer or investor seeking to capitalize on long-term appreciation, strong fundamentals, and the continued evolution of the downtown core.