301 Wall Ave Knoxville, TN 37902-1407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.