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    714 Willow Ave Knoxville, TN 37915

    For Sale
    $6,250,000

    1.3-acre redevelopment site near Covenant Health Park.

    Property size:
    1 SF
    Lot size:
    1.30 Acres

    Property Features for 714 Willow Ave

    General Information

    Size
    1 SF
    Lot size
    1.30 Acres

    Building Details

    Year built
    1969

    Source: Taylor Durand Agent Taylor Durand

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

    Overview

    Redevelopment Site Near Covenant Health Park

    This 1.3-acre redevelopment site is located adjacent to Covenant Health Park, a 7,000-seat multi-use stadium scheduled to open in 2025. The stadium will host the Knoxville Smokies, One Knoxville SC, and other regional events. Zoned I-MU (Industrial Mixed-Use), the parcel is suitable for redevelopment into a multifamily or mixed-use residential project. The site's dimensions and location in a high-growth district make it appropriate for vertical construction. Rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) may be supported by the City of Knoxville. The C-G-2 district supports moderate-intensity mixed-use and multifamily development and is suited for urban centers and walkable corridors. C-G-3 is intended for high-intensity regional commercial and multifamily development, with fewer restrictions on building scale and land coverage, making it an excellent fit for large-scale apartment or mixed-use projects. Both districts allow residential uses and are designed to accommodate density and flexibility. The site is located in a revitalization zone and is within walking distance of Downtown Knoxville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pumps of Tennessee Electric Motor Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.912285
    Latitude
    35.972507

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    FAQs

    What type of property is this?
    Commercial land - 1.3-acre redevelopment site near Covenant Health Park.
    Where is this commercial land located?
    The property is located at 714 Willow Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: - Directly adjacent to Covenant Health Park, a new 7,000-seat multi-use stadium opening in 2025.; - Prime 1.3-acre redevelopment site in a high-growth district.; - Zoned I-MU (Industrial Mixed-Use) and ideal for multifamily or mixed-use residential projects.
    (865) 776-5662
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    714 Willow Ave Knoxville, TN 37915
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    Knoxville, TN 37915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    714 Willow Ave Knoxville, TN 37915
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