Prime Land for Mixed-Use
For Sale
$10,000,000
424 N Watt Rd, Knoxville, TN 37934
Land suitable for multi-family, retail, office, or mixed-use development.
Property Size48 SF
Price / SF$208,333
Days on Market261
Property Features for 424 N Watt Rd
General Information
Standard status
Active
Size
48 SF
Property subtype
Land
Listing Agency:
NAI Koella RM Moore - Knoxville
(865) 806-6517
Listed By:
Sam Tate, CCIM · License #TN #207699
(865) 806-6517
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Jul 16 at 5:03AM
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 NAI Koella RM Moore - Knoxville
Investment Insights
Based on property information with market context.
This 48-acre property is suitable for multi-family, retail, office, or mixed-use development. The location benefits from average household incomes exceeding $200,000. Adjacent to the property is high-density PR Planned Residential land, as well as PC Planned Commercial zoned land. Many nearby parcels have successfully rezoned. In 2024, 228 Class-A units were built at Farragut Junction. Rezoning counsel is available to assist the buyer with their concept, with Frantz, McConnell & Seymour, LLP counsel retained. Publix, Dunkin, and Advance Auto are currently under construction in the vicinity. The property is located in Knoxville.
Key Highlights
- 228 Class‑A units built in 2024 at Farragut Junction.
- Adjacent to high‑density PR Planned Residential and PC Planned Commercial zoned land.
- Rezoning counsel (Frantz, McConnell & Seymour, LLP) retained and willing to help buyer with concept.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 37934, TN
27,414
Population
10,702
Households
2.6
Avg Household Size
45
Median Age
62%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
1,576
Density / Sq Mi
$135,472
Median Household Income
$63,674
Median Earnings
$1,810
Median Rent
$473,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Land suitable for multi-family, retail, office, or mixed-use development.
Where is this land located?
The property is located at 424 N Watt Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 228 Class‑A units built in 2024 at Farragut Junction.; Adjacent to high‑density PR Planned Residential and PC Planned Commercial zoned land.; Rezoning counsel (Frantz, McConnell & Seymour, LLP) retained and willing to help buyer with concept.
