301 Wall Ave Knoxville, TN 37902-1407
- Banks
- 0.14 lot acres
Jun 09, 2021
Current Use by Public Records
- Banks
Property Details for 301 Wall Ave
- Lot size
- 0.14 lot acres
- Property type
- Banks
- APN
- 094LD032
- APU
- 094LD032
Description
This exceptional 58,000 square foot, three-story Class B office building, located at 301 Wall Ave in Knoxville, Tennessee (zip code 37902), presents a unique redevelopment opportunity. Originally constructed in 1956 and renovated in 1986, the property boasts a prime corner location at the intersection of Wall Avenue and Gay Street. Previously occupied by TVA Credit Union, the building is currently a shell ready for build-out, with over $800,000 in demolition already completed. Permitted zoning is DKH, allowing for diverse development options including mixed-use, office, multifamily, or hospitality uses. The asking price is $16,500,000, translating to $284.48 per square foot. Alternatively, the entire building is available for lease at $18 per square foot. This property offers significant potential for investors and developers seeking a high-impact project in a vibrant downtown location. The building sits on a substantial lot and offers excellent visibility and accessibility. Its history as a long-standing office building provides a solid foundation for future development. This is a rare opportunity to acquire a large, well-located building in a thriving Tennessee market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,645,000
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Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9193
- Latitude
- 35.9663
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
