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Property profile & analytics
OFF-MARKET Estimated value $5,500,000
Banks

301 Wall Ave Knoxville, TN 37902-1407

0.14 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1795725
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.14 ac (5,900 SF)
APN 094LD032
UPID US80-1795725
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
$5.50M
Owner & transaction history
Break One LLC · 5 yrs held
Break One LLC
since 2021
Last sale
$5.5M
2 recorded transactions
2021
$5.5M
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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