607 Market Street & 413 Clinch Avenue Knoxville, TN 37902
Two downtown Knoxville properties for redevelopment with parking component.
Type:Office
Property size:
125,000 SFLot size:
0.43 Acres- Added:
- Mar 6, 2026
- Days on Market:
- 26
- Last Refresh:
- Mar 26 at 12:42 am
Property Features for 607 Market Street & 413 Clinch Avenue
General Information
- Standard status
- Active
- Size
- 125,000 SF
- Lot size
- 0.43 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1965
Listing agent Taylor Thompson (423) 440-9450
Listing office SVN I Wood Properties (423) 440-9450
Listing date Mar 6, 2026
Source Svnwood
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All listing content including descriptions, pricing, images are the copyrighted material of SVN I Wood Properties
Overview
Downtown Knoxville Redevelopment Opportunity
Located in the heart of Downtown Knoxville, 607 Market Street and 413 Clinch Avenue offer a redevelopment opportunity. The 13-story office building at 607 Market Street, constructed in 1965, contains approximately 125,000 square feet and sits on 0.43 acres directly overlooking Krutch Park and Market Square. The location provides visibility, walkability, and access to retail, dining, entertainment, and business amenities. The property presents a blank slate for a transformative redevelopment of a downtown landmark. The area is an active commercial and pedestrian district with foot traffic and a mix of restaurants, retail, offices, and cultural destinations. Downtown Knoxville has seen growth in tourism, housing demand, and public investment. The location offers visibility, access, and long-term value for redevelopment. The 0.37-acre surface parking lot at 413 Clinch Avenue has 43 spaces and provides parking or future development potential. The DK-G (Downtown General) zoning allows for office, multifamily, hospitality, or mixed-use development, with no building height restrictions. Full conversion potential exists for office, residential, and hospitality uses. Downtown office vacancy is at 1.4%, and multifamily vacancy remains stable at approximately 5.2%.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9219
- Latitude
- 35.9629
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two downtown Knoxville properties for redevelopment with parking component.
Where is this office building located?
The property is located at 607 Market Street & 413 Clinch Avenue Knoxville, TN.
What are key features of this property?
This property features: Premier downtown Knoxville location overlooking Krutch Park and Market Square with walkable access to dining, retail, and entertainment.; Flexible DK‑G (Downtown General) zoning allows for office, multifamily, hospitality, or mixed‑use development with no building height restrictions.; Blank slate redevelopment opportunity with a 13‑story, ±125,000 SF building on 0.43 acres, suitable for adaptive reuse.
