423-440-9450
607 Market St, Knoxville, TN for Sale
Office - FOR SALE
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607 Market St
Knoxville, TN 37902
Downtown Knoxville


HIGHLIGHTS

  • Premier Downtown Knoxville Location
  • Flexible Zoning – DK-G (Downtown General)
  • Multiple Redevelopment Scenarios
  • Expanding Tourism & Hospitality Market
  • Rare Adjoining Parking Component
  • Blank Slate Redevelopment Opportunity

OVERVIEW

SVN | Wood Properties is pleased to exclusively present the opportunity to acquire 607 Market Street and 413 Clinch Avenue, two highly desirable assets located in the heart of Downtown Knoxville. 607 Market Street offers a rare blank-slate opportunity for a transformative redevelopment of a true downtown landmark. The 13-story, approximately 125,000-square-foot office building, sits on 0.43 acres directly overlooking Krutch Park and Market Square. Its location provides exceptional visibility, walkability, and direct access to Knoxville’s vibrant core of retail, dining, entertainment, and business amenities. Directly adjacent to the building is 413 Clinch Avenue, a 0.37-acre surface parking lot currently providing 43 spaces. The parking lot serves as an attractive complement to the building, offering valuable on-site parking or potential for future development as part of a larger redevelopment plan. Both parcels are zoned DK-G (Downtown General), one of Knoxville’s most flexible zoning designations, allowing for a wide range of uses including office, multifamily, hospitality, or mixed-use development. Importantly, there are no building height restrictions, enabling a visionary investor to fully capitalize on the site’s premier location and scale. This offering represents a unique opportunity to reposition or redevelop a prominent downtown property and participate directly in Knoxville’s continued urban growth and revitalization. With flexible zoning, prime location, and significant value-add potential, 607 Market Street and 413 Clinch Avenue are ideally positioned for a wide range of investors, developers, and end users.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Tower in Downtown Knoxville

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

13

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

DK-G

APN/PARCEL ID

094LG011 & 094LF029

ASK ABOUT THIS PROPERTY

Taylor ThompsonSVN | Wood PropertiesMore Info
423-440-9450

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Taylor ThompsonSVN | Wood PropertiesMore Info
423-440-9450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.