Redevelopment Site Near Covenant Health
For Sale
$6,250,000
714 Willow Ave, Knoxville, TN 37915
1.3-acre redevelopment site near Covenant Health Park.
Property Size1 SF
Price / SF$6,250,000
Days on Market264
Property Features for 714 Willow Ave
General Information
Standard status
Active
Size
1 SF
Class
C
Property subtype
Land
Building Details
Year Built
1969
Listing Agency:
SVN I Wood Properties
(865) 776-5662
Listed By:
Taylor Durand · License #366234
(865) 776-5662
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:11PM
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 I Wood Properties
Investment Insights
Based on property information with market context.
This 1.3-acre redevelopment site is located adjacent to Covenant Health Park, a 7,000-seat multi-use stadium scheduled to open in 2025. The stadium will host the Knoxville Smokies, One Knoxville SC, and other regional events. Zoned I-MU (Industrial Mixed-Use), the parcel is suitable for redevelopment into a multifamily or mixed-use residential project. The site's dimensions and location in a high-growth district make it appropriate for vertical construction. Rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) may 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 and are designed to accommodate density and flexibility. The site is located in a revitalization zone and is within walking distance of Downtown Knoxville.
Key Highlights
- Directly adjacent to Covenant Health Park, a new 7,000‑seat multi‑use stadium opening in 2025.
- Prime 1.3‑acre redevelopment site in a high‑growth district.
- Zoned I‑MU (Industrial Mixed‑Use) and ideal for multifamily or mixed‑use residential projects.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 37915, TN
5,509
Population
3,722
Households
1.5
Avg Household Size
33
Median Age
17%
College-Educated
76%
High-School Grad
1.9 sq mi
ZIP Area
2,899
Density / Sq Mi
$22,236
Median Household Income
$29,433
Median Earnings
$519
Median Rent
$206,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.3-acre redevelopment site near Covenant Health Park.
Where is this commercial land located?
The property is located at 714 Willow Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Directly adjacent to Covenant Health Park, a new 7,000‑seat multi‑use stadium opening in 2025.; Prime 1.3‑acre redevelopment site in a high‑growth district.; Zoned I‑MU (Industrial Mixed‑Use) and ideal for multifamily or mixed‑use residential projects.
