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    1501 White Ave Knoxville, TN 37916

    Sponsored
    For Sale
    $5,500,000

    Vacant, 12,450 SF, High-Growth Area

    Property size:
    12,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property presents a rare investment opportunity in Knoxville, Tennessee. Located at 1501 White Ave, just one block from Cumberland Avenue and surrounded by student housing near the University of Tennessee, this two-story, 12,450 square foot building offers significant potential. The property is currently vacant, providing a blank canvas for a discerning investor. The street level boasts approximately 6,530 square feet, while the lower terrace level offers an additional 5,920 square feet. These measurements are approximate; buyers are advised to conduct their own verification. The property's zoning and permitting may allow for the addition of further commercial or residential floors, significantly increasing its value and potential rental income. The asking price is $5,500,000, translating to $441.77 per square foot. This location's proximity to the university and the surrounding student population makes it an ideal site for a variety of commercial ventures, including restaurants and storefronts. This is a unique chance to acquire a substantial property in a thriving, high-growth area. Don't miss this opportunity to capitalize on the vibrant Knoxville market.

    Property Features for 1501 White Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,450 SF

    HighLights

    • $5,500,000 asking price for a 12,450 SF mixed‑use property.
    • Located at 1501 White Ave, Knoxville, TN 37916, near the University of Tennessee.
    • Vacant, 12,450 square feet with a price per square foot of $441.77.
    • Two‑story shell building, offering potential for additional floors (subject to zoning/permitting).
    • Features 6,530 SF of street‑level space and 5,920 SF of lower‑level space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Insight Therapy Center Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Clothing Store Building Supply Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.928865793563
    Latitude
    35.959037604636

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    FAQs

    What type of property is this?
    Individual retail property - Vacant, 12,450 SF, High-Growth Area
    Where is this individual retail property located?
    The property is located at 1501 White Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price for a 12,450 SF mixed-use property.; Located at 1501 White Ave, Knoxville, TN 37916, near the University of Tennessee.; Vacant, 12,450 square feet with a price per square foot of $441.77.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 White Ave Knoxville, TN 37916
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