1501 White Ave Knoxville, TN 37916

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.