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    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
    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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