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Faits saillants de l'investissement

  • Flexible Zoning
  • Near Downtown Knoxville and the University of Tennessee
  • No Height Restrictions
  • Major Tax Benefits Available

Résumé de l'annonce

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.

Faits sur la propriété

Prix 12 319 647 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Terrain commercial
Utilisation proposée Multi-résidentiel
Taille totale du lot 1,19 AC
Zone de développement économique Oui
Zonage DK-G - Downtown Knoxville Grid Subdistrict

1 Lot disponible

Lot

Prix 12 319 647 $ CAD
Prix par AC 10 352 644,67 $ CAD
Taille du lot 1,19 AC

1.185-acre urban development site, located just off Gay Street at the corner of State Street and Market Street in Downtown Knoxville.

Description

Located one block behind Gay Street, this development site offers convenient access to Neyland Drive and the heart of Downtown Knoxville. The area experiences strong traffic flow and is easily accessible to the interstate. This property is positioned within a designated Opportunity Zone, which offers significant tax incentives for investors looking to capitalize on Knoxville’s growth. This opportunity combines centralized location, economic incentives, and high visibility in a rapidly expanding downtown market.

Moyennement accessible à pied
70/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
70/100
Moyennement accessible en vélo
60/100
  • ID d’inscription: 40491626

  • Date de mise sur le marché: 2025-03-25

  • Dernière mise à jour:

  • Adresse: 808 State St, Knoxville, TN 37902

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