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808 State StKnoxville, TN 37902
Downtown Knoxville Development Site
Asset ClassLand
Land1.19 Acres
overview of deal

Overview

SVN | Wood Properties is pleased to exclusively present this 1.185-acre urban development site, located just off Gay Street at the corner of State Street and Market Street in Downtown Knoxville. This is one of the largest remaining undeveloped parcels in this part of Downtown. With DK-G zoning allowing unlimited height, conceptual studies suggest a mixed-use development with 300+ dwelling units. Downtown Knoxville’s population has grown over 80% in the past decade, with demand for housing and the growth of The University of Tennessee keeping multifamily vacancy rates low at approximately 5.2%. With downtown's continued growth and strong economic activity, this site offers a rare chance to change Downtown Knoxville's skyline.

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Investment Highlights

Land
1.19 Acres
  • Flexible Zoning
  • No Height Restrictions
  • Near Downtown Knoxville and the University of Tennessee
  • Major Tax Benefits Available
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808 State StKnoxville, TN 37902

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Listing provided by Revere CRE