I-MU Redevelopment
For Sale
Contact for pricing
Pending
250 Patton St, Knoxville, TN 37915
I-MU-zoned parcel positioned for multifamily or mixed-use redevelopment near a new multi-use stadium.
Lot Size1.30 Acres
Days on Market487
Property Features for 250 Patton St
General Information
Standard status
Pending
Lot size
1.30 Acres
Property subtype
LAND
Listing Agency:
Lee & Associates
(865) 776-5662
Listed By:
Taylor Durand · License #366234
(865) 776-5662
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Jul 31
Last Checked: Aug 2 at 10:29AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This 1.3-acre commercial land parcel is currently zoned I-MU (Industrial Mixed-Use) and is positioned for redevelopment. The property information identifies multifamily and mixed-use residential development as potential directions, with the site’s lot dimensions supporting vertical construction. A rezoning to C-G-2 or C-G-3 is also described as a possible path, with both districts supporting residential uses by right if approved.
The site is adjacent to Covenant Health Park, a 7,000-seat multi-use stadium scheduled to open in 2025. The stadium is expected to host the Knoxville Smokies, One Knoxville SC, and major regional events. The property is also described as adjacent to Downtown Knoxville and offers visibility and walkability within a central, high-growth district.
The site is adjacent to Covenant Health Park, a 7,000-seat multi-use stadium scheduled to open in 2025. The stadium is expected to host the Knoxville Smokies, One Knoxville SC, and major regional events. The property is also described as adjacent to Downtown Knoxville and offers visibility and walkability within a central, high-growth district.
Key Highlights
- 1.3‑acre redevelopment site
- Currently zoned I‑MU (Industrial Mixed‑Use)
- Identified for potential multifamily or mixed‑use residential redevelopment
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 37915, TN
5,509
Population
3,722
Households
1.5
Avg Household Size
33
Median Age
17%
College-Educated
76%
High-School Grad
1.9 sq mi
ZIP Area
2,899
Density / Sq Mi
$22,236
Median Household Income
$29,433
Median Earnings
$519
Median Rent
$206,400
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - I-MU-zoned parcel positioned for multifamily or mixed-use redevelopment near a new multi-use stadium.
Where is this commercial land located?
The property is located at 250 Patton St 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: 1.3‑acre redevelopment site; Currently zoned I‑MU (Industrial Mixed‑Use); Identified for potential multifamily or mixed‑use residential redevelopment
