Downtown Knoxville Development
808 State St, Knoxville, TN 37902
1.185-acre urban development site in Downtown Knoxville.
Type:Land
Property size:
1 SFPrice / SF:
$8,850,000/SF- Added:
- Nov 21, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 6 at 12:08 am
Property Features for 808 State St
General Information
- Standard status
- Active
- Size
- 1 SF
- Property subtype
- Land
Building Details
- Year Built
- 1949
Listing agent Taylor Thompson (423) 440-9450
Listing office SVN I Wood Properties (423) 440-9450
Listing date Nov 21, 2025
Source Svn
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 SVN I Wood Properties
HighLights
- Large 1.185‑acre urban development site in Downtown Knoxville.
- DK‑G zoning allows for unlimited height and mixed‑use development (300+ dwelling units potential).
- Located in a designated Opportunity Zone, offering major tax benefits.
- High‑growth area: Downtown Knoxville population has grown over 80% in the past decade.
- Convenient access to Gay Street, Neyland Drive, and the interstate.
- Near Downtown Knoxville and the University of Tennessee.
Overview
This 1.185-acre urban development site is located off Gay Street at the corner of State Street and Market Street in Downtown Knoxville. As one of the largest remaining undeveloped parcels in this part of Downtown, it offers a development opportunity. The DK-G zoning allows unlimited height, and conceptual studies suggest a mixed-use development with over 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%.
Located one block behind Gay Street, the 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. The property is positioned within a designated Opportunity Zone, which offers tax incentives for investors looking to capitalize on Knoxville’s growth. Major tax benefits are available. There are no height restrictions. It is near Downtown Knoxville and the University of Tennessee. This opportunity combines centralized location, economic incentives, and high visibility in a rapidly expanding downtown market.
Located one block behind Gay Street, the 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. The property is positioned within a designated Opportunity Zone, which offers tax incentives for investors looking to capitalize on Knoxville’s growth. Major tax benefits are available. There are no height restrictions. It is near Downtown Knoxville and the University of Tennessee. This opportunity combines centralized location, economic incentives, and high visibility in a rapidly expanding downtown market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Outpost
Music Venue
Trolley Pub Knox
Tour Operator
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9152
- Latitude
- 35.9627
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 1.185-acre urban development site in Downtown Knoxville.
Where is this land located?
The property is located at 808 State St Knoxville, TN.
What is the asking price?
The asking price for this property is $8,850,000.
What are key features of this property?
This property features: Large 1.185‑acre urban development site in Downtown Knoxville.; DK‑G zoning allows for unlimited height and mixed‑use development (300+ dwelling units potential).; Located in a designated Opportunity Zone, offering major tax benefits.
