Map of Property

Downtown Knoxville Development Site

For Sale

808 State St, Knoxville, TN 37902

This Knoxville property for sale is located at 808 State St. The general use of Downtown Knoxville Development Site is vacantland and it incorporates 1 square feet of class C vacantland space. The current listed sale price for Downtown Knoxville Development Site is $9,500,000. Downtown Knoxville Development Site is situated on a lot that is 1.19 acre in size.

Contacts

broker
Cohl Morgan

SVN | Wood Properties

Property Details

  • Property Type VacantLand
  • Property Size 1 SF
  • Lot Size 1.19 Acre
  • Building Class C
  • Year Built 1949
  • Date Updated Apr 17, 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.
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Highlights

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

Getting around

  • 86/100

    Walk Score ®

  • 62/100

    Transit Score ®

  • 52/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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 Market at Union & Gay

    0.23 miles

  • Mast General Store

    0.30 miles

  • Food City

    1.62 miles

  • Publix

    1.62 miles

  • United Grocery Outlet

    1.99 miles

  • Kroger

    2.14 miles

  • Big Lots

    2.24 miles

  • Chapman Ford Crossing

    3.87 miles

  • Earth Fare Supermarket

    3.97 miles

  • 640 Plaza

    4.14 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cohl Morgan

SVN | Wood Properties

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