607 Clinch Ave Knoxville, TN 37902

Located in the heart of Downtown Knoxville, 607 Market Street and 413 Clinch Avenue offer a unique opportunity for redevelopment. The properties are situated in Knoxville’s most active commercial and pedestrian district, near Market Square, Gay Street, and Krutch Park, an area characterized by restaurants, retail, offices, and cultural destinations. The 13-story office building at 607 Market Street, built in 1965, provides approximately 125,000 square feet of space on a 0.43-acre lot. This blank slate redevelopment opportunity overlooks Krutch Park and Market Square, offering exceptional visibility and walkability. Adjacent to the building is 413 Clinch Avenue, a 0.37-acre surface parking lot with 43 spaces, providing on-site parking or potential for future development. Both parcels are zoned DK-G (Downtown General), allowing for a wide range of uses including office, multifamily, hospitality, or mixed-use development, with no building height restrictions. The location offers exceptional visibility, access, and long-term value for redevelopment. Downtown Knoxville continues to experience growth in tourism, housing demand, and public investment. The downtown office vacancy is at 1.4%, and multifamily vacancy remains stable at approximately 5.2%. The properties are positioned to benefit from downtown Knoxville’s ongoing revitalization and long-term economic expansion, making them suitable for investors, developers, and end users.