808 State St - Commercial LAND FOR SALE


Knoxville, TN 37902- Downtown Knoxville51,836 SF
$9,500,000 USD
865-603-9887
808 State St, Knoxville, TN for Sale
$9,500,000 USD
Commercial LAND - FOR SALE
1/8
51,836 SF

808 State St
Knoxville, TN 37902
Downtown Knoxville


HIGHLIGHTS

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

OVERVIEW

SVN | Wood Properties is pleased to exclusively present this 1.185-acre urban development site, located just off Gay Street at the corner of State Street and Market Street in Downtown Knoxville. This is one of the largest remaining undeveloped parcels in this part of Downtown. With DK-G zoning allowing unlimited height, conceptual studies suggest a mixed-use development with 300+ dwelling units. Downtown Knoxville’s population has grown over 80% in the past decade, with demand for housing and the growth of The University of Tennessee keeping multifamily vacancy rates low at approximately 5.2%. With downtown's continued growth and strong economic activity, this site offers a rare chance to change Downtown Knoxville's skyline. 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. For more information, please visit the documents tab linked here: https://svnwood.com/inventory/?propertyId=1477720-sale.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/ACRE

$7,983,255/AC

PRICE/SF

$183 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Downtown Knoxville Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.19 AC

LAND SF

51,836 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

DK-G

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

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Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

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