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    720-724 N Hall Of Fame Dr Knoxville, TN 37915

    For Sale
    $3,900,000

    Prime 1.14-acre site near Downtown Knoxville with redevelopment potential.

    Property size:
    24,519 SF
    Lot size:
    1.12 Acres

    Property Features for 720-724 N Hall Of Fame Dr

    General Information

    Size
    24,519 SF
    Lot size
    1.12 Acres

    Source: Alliance Sotheby's International Realty Agent Orel Brodt

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

    Overview

    High-Visibility Knoxville Redevelopment Opportunity

    This 1.14-acre site, situated near Covenant Health Stadium and two minutes from Downtown Knoxville, offers redevelopment or end-user opportunities. The property consists of two parcels with three existing buildings. Zoned C-G-2 and I-MU, the site allows for commercial, multifamily, and mixed-use developments. It is located at the intersection of Downtown and Old North Knoxville, benefiting from heavy daily traffic and immediate access to major highways. This location is suitable for a mixed-use development or a business seeking a strategic location. Concept renderings for mixed-use development are available.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office 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
    -83.911351
    Latitude
    35.96337

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    FAQs

    What type of property is this?
    Office building - Prime 1.14-acre site near Downtown Knoxville with redevelopment potential.
    Where is this office building located?
    The property is located at 720-724 N Hall Of Fame Dr Knoxville, TN.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Prime Knoxville location near Covenant Health Stadium and Downtown.; - High-visibility 1.14-acre site ideal for redevelopment or end-user.; - Zoning (C-G-2 and I-MU) supports diverse commercial, multifamily, and mixed-use development.
    (305) 606-1178
    Request Owner's contact information
    720-724 N Hall Of Fame Dr 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
    720-724 N Hall Of Fame Dr Knoxville, TN 37915
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