Premier Development Site in
For Sale
$5,900,000
115 E Jackson Ave, Knoxville, TN 37915
0.41-acre development site in Knoxville's historic Old City.
Property SizeContact for details
Lot Size0.41 Acres
Days on Market113
Property Features for 115 E Jackson Ave
General Information
Standard status
Active
Lot size
0.41 Acres
Zoning
DK-W
Listing Agency:
(305) 457-5247
Listed By:
Christina Onolfo · License #378332
(305) 457-5247
Source:
Expcommercial
Added: May 11
Changed: Aug 8
Last Checked: Aug 30 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christina Onolfo
Investment Insights
Based on property information with market context.
Located in the epicenter of Knoxville’s historic Old City, 115 E Jackson Ave is a 0.41-acre development site. The property is a high-yield asset with a current net operating income of $240,000 per year as a fully operational, high-demand parking lot. Situated within the DK-W (Downtown Warehouse) subdistrict, the parcel has no maximum building height. The zoning allows for retail, office, and entertainment integration on the ground floor. The site is located 0.2 miles to Covenant Health Park. The highest and best use is a high-rise mixed-use tower featuring luxury condos, market-rate multifamily units, or a flagship hospitality brand.
Key Highlights
- High Current Net Operating Income (NOI) of $240,000/year from a fully operational parking lot.
- Rare 'covered land play' asset that generates income while development plans are created.
- Located in the DK‑W (Downtown Warehouse) subdistrict with no maximum building height restrictions.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,978
Businesses Nearby
Explore this area
Business Placement
Demographics for 37915, TN
5,509
Population
3,722
Households
1.5
Avg Household Size
33
Median Age
17%
College-Educated
76%
High-School Grad
1.9 sq mi
ZIP Area
2,899
Density / Sq Mi
$22,236
Median Household Income
$29,433
Median Earnings
$519
Median Rent
$206,400
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.41-acre development site in Knoxville's historic Old City.
Where is this commercial land located?
The property is located at 115 E Jackson Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: High Current Net Operating Income (NOI) of $240,000/year from a fully operational parking lot.; Rare 'covered land play' asset that generates income while development plans are created.; Located in the DK‑W (Downtown Warehouse) subdistrict with no maximum building height restrictions.
