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Property profile & analytics
FOR SALE
Commercial land

1013 N Central St Knoxville, TN 37917

29,874 SF Built 1940
Individually Owned 2-yr Hold
Property ID
US80-1129850
Property summary
AI-generated overview

Realty Executives is pleased to exclusively present a prime opportunity for developers. 1013 N Central St is a 1.061-acre property that offers an irreplaceable location at the peak of a hill, boasting unparalleled views of downtown and the Smoky Mountains. This opportunity has the potential to become a flagship property for Knoxville and a chance to make a lasting mark on the city's landscape. Located in the heart of Old North the property has a front row to Downtown Knoxville’s continued growth. Consider a redevelopment of the unbeatable character or expand upon the desirable location. Property is two parcels: 081MV012 & 081MV011 Boasting expansive 28-foot ceiling peaks with large skylights offering beautiful natural light, it's an ideal canvas for redevelopment. With its industrial features and ample space, the possibilities are endless. The property is divided into two parcels, offering flexibility in the development strategy. You cannot recreate the character of this property. Whether you envision a a vibrant marketplace, modern office complex, or residential development, this warehouse offers future uses. If looking for a clean slate, the in-place zoning offers 70’ heights and has no limit on unit density if suitable parking is provided. (Buyer to verify all zoning information, lot size, and square footage)

Property profile
Verified
Property type Commercial land
Year built 1940
Total area 29,874 SF
UPID US80-1129850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mike Frazier · 2 yrs held
Mike Frazier
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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