Map of Property

Downtown Knoxville Development Site

808 State St, Knoxville, TN 37902

  • For Sale $9,500,000
  • Property Type VacantLand
  • Property Size 1 SF
  • Lot Size 1.19 Acre
  • Building Class C
  • Year Built 1949
  • Date Updated Mar 26, 2025
Located one block behind Gay Street, this development site offers convenient access to Neyland Drive and the heart of Downtown Knoxville. The area experiences strong traffic flow and is easily accessible to the interstate. This property is positioned within a designated Opportunity Zone, which offers significant tax incentives for investors looking to capitalize on Knoxville’s growth. This opportunity combines centralized location, economic incentives, and high visibility in a rapidly expanding downtown market.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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Flexible Zoning
  • No Height Restrictions
  • Near Downtown Knoxville and the University of Tennessee
  • Major Tax Benefits Available

Contacts

broker
Cohl Morgan

SVN | Wood Properties

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    62/100 Good Transit

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Knoxville, TN
  • Neighborhood Downtown Knoxville
  • Zip Code 37902
  • Market Knoxville

Points of Interest

  • Three Rivers Rambler

    1.57 miles

  • Blink

    0.27 miles

  • Shell

    1.23 miles

  • Casey's

    1.47 miles

  • Quik Stop

    1.52 miles

  • Fuel City

    1.53 miles

  • Weigel's

    1.75 miles

  • Mapco

    2.02 miles

  • Kroger

    2.12 miles

  • Casey's General Store

    2.31 miles

  • Tesla Supercharger

    5.32 miles

  • First Tennessee Plaza Garage

    0.03 miles

  • Dwight Kessel Garage

    0.08 miles

  • SP+ Parking

    0.09 miles

  • SP+

    0.10 miles

  • Cumberland Ave Parking

    0.13 miles

  • Volunteer Lot

    0.19 miles

  • State Street Parking Garage

    0.20 miles

  • West Main Street Garage

    0.27 miles

  • Hilton Parking Garage

    0.29 miles

  • Promenade Garage

    0.29 miles

  • Residence Inn

    0.06 miles

  • Andrew Johnson Hotel

    0.10 miles

  • Hyatt

    0.17 miles

  • Embassy Suites by Hilton Knoxville Downtown

    0.23 miles

  • Hilton Knoxville

    0.27 miles

  • Oliver Royal Hotel

    0.28 miles

  • Hampton Inn Knoxville-Downtown

    0.34 miles

  • The Sky-Lite Hotel

    0.34 miles

  • Marriott Knoxville

    0.43 miles

  • Crowne Plaza

    0.43 miles

  • The Bistro

    0.09 miles

  • Ruth's Chris Steak House

    0.18 miles

  • Kopita Authentic Mediterranean

    0.19 miles

  • Vida

    0.19 miles

  • Lenny's Sub Shop

    0.21 miles

  • Nama

    0.22 miles

  • CJ's tacos

    0.22 miles

  • Yassin Falafel

    0.22 miles

  • Tennessee Riverboat

    0.22 miles

  • The Lunchbox

    0.23 miles

  • South Knoxville Elementary

    0.52 miles

  • Vine Junior High School

    0.85 miles

  • Pelissippi State Community College - Magnolia Campus

    1.11 miles

  • University of Tennessee, Knoxville

    1.26 miles

  • North Carrick

    1.33 miles

  • Dogwood Elementary School

    1.35 miles

  • Maynard Elementary School

    1.39 miles

  • South High Senior Living

    1.47 miles

  • First Lutheran School

    1.57 miles

  • Brownlow Elementary School

    1.61 miles

  • Columbus Home Children's Services

    2.56 miles

  • Wonderland Childrens Academy

    5.09 miles

  • Quality Care Sitting

    5.54 miles

  • La Petite Child Care

    9.29 miles

Frequently Asked Questions

How much does Downtown Knoxville Development Site cost?

The space currently listed for sale at Downtown Knoxville Development Site asks for $9,500,000.

What is the total square footage of Downtown Knoxville Development Site?

Downtown Knoxville Development Site totals 1 square feet.

When was this property built?

Downtown Knoxville Development Site was built in 1949.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Cohl Morgan

SVN | Wood Properties

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.