2704 Sevier Ave, Knoxville, TN 37920

Property Description

Rare infill redevelopment or value-add opportunity in the heart of rapidly evolving South Knoxville along the Sevier Avenue corridor. This ±0.50-acre site sits in one of Knoxville's most active growth pockets and currently includes a duplex structure that has been fully gutted, offering the opportunity for a buyer to renovate and reposition the existing improvements or pursue a larger redevelopment of the site. The property offers significant flexibility for multiple strategies. An investor could complete the renovation and hold the duplex as income-producing units, while a developer could pursue rezoning and reposition the site for higher-density residential uses. Potential redevelopment concepts include student housing, market-rate apartments, or for-sale / for-rent condominium product, all of which are already proven within the immediate submarket. Several successful residential projects surround the property, demonstrating strong demand for new housing in this corridor. The Adelade Apartments sit directly adjacent to the parcel as a market-rate multifamily community, The Heights of Knoxville student housing development is located just approximately 0.1 miles away, and newly constructed for-sale condominium product on Sevier Avenue is also located nearby. These neighboring developments highlight the strong rental and ownership demand supporting new residential projects in the area. The site spans approximately 22,085 square feet with roughly 100 feet of frontage along Sevier Avenue, providing excellent layout potential for future development. Positioned just minutes from Downtown Knoxville and the South Waterfront district, the property benefits from immediate access to one of Knoxville's most vibrant lifestyle corridors. The surrounding area features numerous breweries, restaurants, and entertainment venues along Sevier Avenue, as well as close proximity to the Urban Wilderness trail system and waterfront amenities, making this location highly desirable for both renters and homeowners. With strong surrounding residential developments, walkable lifestyle amenities, and quick access to Downtown Knoxville, 2704 Sevier Ave represents a rare opportunity to acquire a redevelopment-ready site in one of the city's fastest-growing neighborhoods.