701 E Depot Ave Knoxville, TN 37917

Building Details

Year Built

1950

Listing Agency SVN | Wood Properties j***@svn.com Show Phone

Listed by Jon Roosen · License #366234 Show Phone

Source Svn

Added: Nov 21, 2025 Checked: Jul 17 at 4:19 am

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Investment Insights

Based on property information with market context.

This 0.784-acre redevelopment site is located adjacent to Covenant Health Park, a new 7,000-seat multi-use stadium that opened in Spring 2025. The property is zoned I-MU (Industrial Mixed-Use) and is suitable for redevelopment into a multifamily or mixed-use residential project. The site's dimensions and central location in a high-growth district make it an ideal candidate for vertical construction. Rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) is likely to 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 by right and are designed to accommodate the density and flexibility that this location demands. The property is located in a revitalization zone and is within walking distance of Downtown Knoxville.

Key Highlights

• Unmatched adjacency to Covenant Health Park, a 7,000‑seat multi‑use stadium.
• Zoned I‑MU (Industrial Mixed‑Use) and primed for multifamily or mixed‑use residential redevelopment.
• Potential for rezoning to C‑G‑2 or C‑G‑3 (General Commercial) to allow for higher‑intensity development.

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FAQs

What type of property is this?

Land - 0.784 acre redevelopment site near Covenant Health Park.

Where is this land located?

The property is located at 701 E Depot Ave Knoxville, TN.

What are key features of this property?

This property features: Unmatched adjacency to Covenant Health Park, a 7,000‑seat multi‑use stadium.; Zoned I‑MU (Industrial Mixed‑Use) and primed for multifamily or mixed‑use residential redevelopment.; Potential for rezoning to C‑G‑2 or C‑G‑3 (General Commercial) to allow for higher‑intensity development.