115 E Jackson Ave Knoxville, TN 37915

Listing Agency c***@expcommercial.com Show Phone

Listed by Christina Onolfo · License #378332 Show Phone

Source Expcommercial

Added: May 11 Checked: Jul 16 at 1:44 am

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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.

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FAQs

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.