122 Smt Hl Dr Knoxville, TN 37902-1025

This exceptional 0.77-acre commercial land parcel in Knoxville, Tennessee, presents a unique investment opportunity. Located at 122 W Summit Hill Dr SW, 37902, this property boasts a strategic position nestled between the vibrant Gay Street Retail Corridor and the historic Old City, ensuring high visibility and accessibility. The site benefits from convenient access to I-40 Interchange, a major transportation artery, with significant traffic counts: 147,964 vehicles on I-40, 32,778 on James White Parkway, and 27,563 on Henley Street. This prime location places the property within close proximity to a thriving retail environment, including Market Square, Lilou, The Kennedy, Calhoun's, Bijou Theatre, the Knoxville Convention Center, and the University of Tennessee campus. The property is zoned DK-G (see zoning insert for details). Strong demographics support the potential for various commercial developments, with populations within a 3-mile, 5-mile, and 7-mile radius totaling 80,903, 148,610, and 232,254 respectively. The asking price for this exceptional land parcel is $8,850,000. This presents a rare chance to acquire a highly desirable commercial property in a rapidly growing area of Knoxville.