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Knoxville Commercial Property for Sale

600 E Magnolia, Knoxville, TN

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For Sale

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Commercial property near downtown Knoxville available for purchase.

Type:INDUSTRIAL

Property size:

9,599 SF

Lot size:

0.93 Acres

Price / SF:

$239/SF

HighLights

Prime location one block from the new Covenant Health Park and associated $100 million development, driving major revitalization.
Redevelopment opportunity in a rapidly growing area at the gateway to downtown Knoxville.
DK Zoning and TIF District location provides potential tax credits and incentives for various redevelopment projects.
0.9‑acre property with approximately 12,000 SF including a partial basement, showroom, offices, and warehousing space with loading dock.
Includes a 2‑story warehouse with an innovative racking system.
Ample parking and tractor‑trailer access.

We can help!

Listing Contact

John Lyle

For Sale

Contact for pricing

Commercial property near downtown Knoxville available for purchase.

Type:INDUSTRIAL

Property size:

9,599 SF

Lot size:

0.93 Acres

Price / SF:

$239/SF

Added:: Nov 5, 2025
Days on Market:: 221
Last Refresh:: May 20 at 9:42 pm

Property Features for 600 E Magnolia

General Information

Standard status: Active
Size: 9,599 SF
Lot size: 0.93 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

John Lyle

Listing agent John Lyle License #321124

Listing office Wallace Commercial

Listing date Nov 5, 2025

Source Moodyscre

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 Wallace Commercial

HighLights

Prime location one block from the new Covenant Health Park and associated $100 million development, driving major revitalization.
Redevelopment opportunity in a rapidly growing area at the gateway to downtown Knoxville.
DK Zoning and TIF District location provides potential tax credits and incentives for various redevelopment projects.
0.9‑acre property with approximately 12,000 SF including a partial basement, showroom, offices, and warehousing space with loading dock.
Includes a 2‑story warehouse with an innovative racking system.
Ample parking and tractor‑trailer access.

Overview

Located one block from the new Covenant Health Park, home of the Knoxville Smokies Baseball Team and One Knox Sporting Club, the property at 600 E Magnolia Avenue is situated in a rapidly revitalizing corridor. The location is near sports, retail, commercial, multifamily, hotel, hospitality and entertainment activities, with walking distance to the Old City, downtown Knoxville, and the University of Tennessee. Positioned on the corner of Hall of Fame Drive and Magnolia Avenue, this site offers the opportunity to purchase, renovate, or redevelop the property. The property includes 0.9 acres with approximately 12,000 square feet, including a partial basement. Additions to the original building, constructed in 1920, feature a showroom with a glass storefront, sales counter, offices, two bathrooms, and warehousing space with a loading dock. Attached to the original building is a 2-story warehouse with a racking system. Ample parking and tractor-trailer access are available. Located just off I-40 and Hall of Fame Drive and Magnolia Avenue, the property lies within the DK Zoning and in the TIF District, providing possible tax credits and other incentives for mixed-use, multifamily, hotel, or retail redevelopment. The property is suitable for retail, commercial, multifamily, hotel, hospitality and entertainment activities.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$207.3k	$21.60
− Vacancy	−$10.4k	−$1.08
EGI	$197.0k	$20.52
− OpEx	−$59.1k	−$6.16
NOI	$137.9k	$14.36

9,599 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,880 @ 7.0% cap · market cap 6.01%

Second Best

Warehouse

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,272 @ 7.0% cap · market cap 3.63%

Theoretical Best

Office A

$2.38M

$2.08M – $2.77M (±1% cap)

NOI $166,424 @ 7.0% cap · market cap 7.25%

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

Property Profile Location Intelligence

Current Use by Public Records

Graning Paint Company Hardware & Home Improvement

Suggested Use

Similar Places Nearby

Self Storage — 517 market st, knoxville, tn 37902
B&C Transfer & Storage Bldg. — Knoxville, TN 37917
Store Space Self Storage — 201 Randolph St, Knoxville, TN 37917
Otis Elevator Company — 900 E Hill Ave #250, Knoxville, TN 37915
Fairprice Movers — 129 W Jackson Ave #203, Knoxville, TN 37902

Location Insight

Map
Local Demand

City: Knoxville
County: Knox
State: Tennessee
Longitude: -83.916
Latitude: 35.9747

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For sale
Warehouses
TN
Knoxville
600 E Magnolia

What type of property is this?

Warehouse - Commercial property near downtown Knoxville available for purchase.

Where is this warehouse located?

The property is located at 600 E Magnolia Knoxville, TN.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: Prime location one block from the new Covenant Health Park and associated $100 million development, driving major revitalization.; Redevelopment opportunity in a rapidly growing area at the gateway to downtown Knoxville.; DK Zoning and TIF District location provides potential tax credits and incentives for various redevelopment projects.

600 E Magnolia, Knoxville, TN

Commercial property near downtown Knoxville available for purchase.

Property Features for 600 E Magnolia

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Short-Term Rental Duplex

Transmission Repair Auto Shop

Five-Unit Multifamily Investment Opportunity

Two-Story Commercial Redevelopment Building

Fully Leased 4-Plex Income Property

Fully Leased Four-Plex Investment

Charming Historic Fourth & Gill 4-Plex

Duplex with Separate Driveways

Two Multifamily Buildings on One Lot

Three-Unit Residential Income Property

Hardee's NNN Lease Investment

Knoxville Multifamily Investment Opportunity

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