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808 State St Knoxville, TN 37902

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For Sale
$8,850,000

1.185-acre urban development site in Downtown Knoxville.

Property size:
1 SF
Lot size:
1.19 Acres

Property Features for 808 State St

General Information

Size
1 SF
Lot size
1.19 Acres

Building Details

Year built
1949

Source: Taylor Thompson Agent Taylor Thompson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Downtown Knoxville Development Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Outpost Live Music Venue Trolley Pub Knox Tour Operator

Suggested Use

Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Knoxville
County
Knox
State
Tennessee
Longitude
-83.915165
Latitude
35.962682

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.
More about this property
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