Trophy Tower in Downtown Knoxville

607 Market Street and 413 Clinch Avenue are located in the center of Downtown Knoxville’s core, surrounded by Market Square, Gay Street, and Krutch Park. The area is Knoxville’s most active commercial and pedestrian district, with strong foot traffic and a mix of restaurants, retail, offices, and cultural destinations. Downtown continues to see steady growth in tourism, housing demand, and public investment. Positioned at the crossroads of I-40, I-275, and I-75, Knoxville is a key economic and logistical hub for East Tennessee. This location offers exceptional visibility, access, and long-term value for redevelopment.SVN | Wood Properties is pleased to exclusively present the opportunity to acquire 607 Market Street and 413 Clinch Avenue, two highly desirable assets located in the heart of Downtown Knoxville. 607 Market Street offers a rare blank-slate opportunity for a transformative redevelopment of a true downtown landmark. The 13-story, approximately 125,000-square-foot office building, sits on 0.43 acres directly overlooking Krutch Park and Market Square. Its location provides exceptional visibility, walkability, and direct access to Knoxville’s vibrant core of retail, dining, entertainment, and business amenities. Directly adjacent to the building is 413 Clinch Avenue, a 0.37-acre surface parking lot currently providing 43 spaces. The parking lot serves as an attractive complement to the building, offering valuable on-site parking or potential for future development as part of a larger redevelopment plan. Both parcels are zoned DK-G (Downtown General), one of Knoxville’s most flexible zoning designations, allowing for a wide range of uses including office, multifamily, hospitality, or mixed-use development. Importantly, there are no building height restrictions, enabling a visionary investor to fully capitalize on the site’s premier location and scale. This offering represents a unique opportunity to reposition or redevelop a prominent downtown property and participate directly in Knoxville’s continued urban growth and revitalization. With flexible zoning, prime location, and significant value-add potential, 607 Market Street and 413 Clinch Avenue are ideally positioned for a wide range of investors, developers, and end users.