Knoxville Commercial Property for
600 E Magnolia Knoxville, TN
600 E Magnolia, Knoxville, TN, 00000
Contact for pricing
For Sale
Contact for pricing
Commercial property near downtown Knoxville available for purchase.
Property Size9,599 SF
Lot Size0.93 Acres
Price / SF$239.09
Days on Market256
Property Features for 600 E Magnolia
General Information
- Standard status
- Active
- Size
- 9,599 SF
- Lot size
- 0.93 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Wallace Commercial
(865) 389-1837
Listed by
John Lyle · License #321124
(865) 389-1837
Source
Moodyscre
Added: Nov 5, 2025 Checked: Jul 19 at 3:39 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $137,880 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,272 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,424 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Graning Paint Company
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Self Storage — 517 market st, knoxville, tn 37902
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- Otis Elevator Company — 900 E Hill Ave #250, Knoxville, TN 37915
- Fairprice Movers — 129 W Jackson Ave #203, Knoxville, TN 37902
FAQs
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.
