Redevelopment Site Near Covenant
For Sale
Contact for pricing
701 E Depot Ave, Knoxville, TN 37917
0.784 acre redevelopment site near Covenant Health Park.
Property SizeContact for details
Days on Market276
Property Features for 701 E Depot Ave
General Information
Standard status
Active
Class
C
Property subtype
Land
Building Details
Year Built
1950
Listing Agency:
SVN | Wood Properties
(865) 202-6767
Listed By:
Jon Roosen · License #366234
(865) 202-6767
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 10
Last Checked: Aug 24 at 4:40AM
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 SVN | Wood Properties
Investment Insights
Based on property information with market context.
This 0.784-acre redevelopment site is located adjacent to Covenant Health Park, a new 7,000-seat multi-use stadium that opened in Spring 2025. The property is zoned I-MU (Industrial Mixed-Use) and is suitable for redevelopment into a multifamily or mixed-use residential project. The site's dimensions and central location in a high-growth district make it an ideal candidate for vertical construction. Rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) is likely to be supported by the City of Knoxville. The C-G-2 district supports moderate-intensity mixed-use and multifamily development and is suited for urban centers and walkable corridors. C-G-3 is intended for high-intensity regional commercial and multifamily development, with fewer restrictions on building scale and land coverage, making it an excellent fit for large-scale apartment or mixed-use projects. Both districts allow residential uses by right and are designed to accommodate the density and flexibility that this location demands. The property is located in a revitalization zone and is within walking distance of Downtown Knoxville.
Key Highlights
- Unmatched adjacency to Covenant Health Park, a 7,000‑seat multi‑use stadium.
- Zoned I‑MU (Industrial Mixed‑Use) and primed for multifamily or mixed‑use residential redevelopment.
- Potential for rezoning to C‑G‑2 or C‑G‑3 (General Commercial) to allow for higher‑intensity development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Land - 0.784 acre redevelopment site near Covenant Health Park.
Where is this land located?
The property is located at 701 E Depot Ave Knoxville, TN.
What are key features of this property?
This property features: Unmatched adjacency to Covenant Health Park, a 7,000‑seat multi‑use stadium.; Zoned I‑MU (Industrial Mixed‑Use) and primed for multifamily or mixed‑use residential redevelopment.; Potential for rezoning to C‑G‑2 or C‑G‑3 (General Commercial) to allow for higher‑intensity development.
