SVN | Wood Properties is pleased to exclusively present 701 E Depot Avenue, a .784 acre redevelopment site that offers unmatched adjacency to Covenant Health Park—a brand-new 7,000-seat multi-use stadium that opened in Spring 2025 that hosts the Knoxville Smokies, One Knoxville SC, and major regional events. Zoned I-MU (Industrial Mixed-Use), the parcel is primed for redevelopment into a multifamily or mixed-use residential project. The site’s generous lot dimensions and central location in a high-growth district make it an ideal candidate for vertical construction. A rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) is also likely to be supported by the City of Knoxville. The C-G-2 district supports moderate-intensity mixed-use and multifamily development and is suited for urban centers and walkable corridors. Meanwhile, C-G-3 is intended for high-intensity regional commercial and multifamily development, with fewer restrictions on building scale and land coverage—making it an excellent fit for large-scale apartment or mixed-use projects. Both districts allow residential uses by right and are designed to accommodate the kind of density and flexibility that this location demands. This flexibility, combined with the site's visibility, walkability, and adjacency to the stadium and Downtown Knoxville, makes this property one of the most promising redevelopment sites in Knoxville. Price is negotiable. For more info, please visit the document tab at https://svnwood.com/inventory/?propertyId=1530254-sale