REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,900,000
Est. payment /mo
Active
2814 Dresser Rd Knoxville, TN 37920
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1332207
Year Built 1960
Lot Dimensions 362.69 X 576.50
Source East Tennessee REALTORS® MLS
Property Description
Rare large-scale redevelopment opportunity located along the rapidly evolving Alcoa Highway corridor in South Knoxville. This ±5-acre site offers a unique opportunity for investors and developers to reposition or redevelop a highly visible property in one of Knoxville's most active infrastructure and employment growth corridors.
The property currently includes a vacant 28,629 SF retail shopping center and an additional 4,680 SF warehouse, providing potential interim utility while a buyer plans a larger redevelopment of the site. The scale of the parcel and its flexible zoning create an ideal opportunity for a variety of development strategies including multifamily, mixed-use, or other commercial redevelopment concepts.
Preliminary planning indicates the site could accommodate 200+ multifamily units with surface parking, making it a compelling development opportunity for groups seeking scale in a supply-constrained Knoxville market.
Positioned directly off Alcoa Highway (US-129), the property benefits from significant public infrastructure investment as the corridor is being modernized to support increased traffic and regional growth. Traffic volumes along Alcoa Highway have recently exceeded 56,000 vehicles per day, reinforcing the corridor's role as a primary transportation artery connecting Downtown Knoxville, McGhee Tyson Airport, and major employment centers throughout the region.
The site also sits within a designated Opportunity Zone, offering investors the potential for meaningful federal tax advantages including capital gains deferral and potential tax elimination on future appreciation if held long-term.
Located just minutes from Downtown Knoxville, the University of Tennessee, and McGhee Tyson Airport, the property is strategically positioned near major employment drivers including the Amazon Fulfillment Center and other expanding regional employers.
With strong regional growth, improving infrastructure, and significant development potential, 2814 Dresser Rd represents a compelling opportunity to acquire a large redevelopment site in one of Knoxville's most important growth corridors.
The property currently includes a vacant 28,629 SF retail shopping center and an additional 4,680 SF warehouse, providing potential interim utility while a buyer plans a larger redevelopment of the site. The scale of the parcel and its flexible zoning create an ideal opportunity for a variety of development strategies including multifamily, mixed-use, or other commercial redevelopment concepts.
Preliminary planning indicates the site could accommodate 200+ multifamily units with surface parking, making it a compelling development opportunity for groups seeking scale in a supply-constrained Knoxville market.
Positioned directly off Alcoa Highway (US-129), the property benefits from significant public infrastructure investment as the corridor is being modernized to support increased traffic and regional growth. Traffic volumes along Alcoa Highway have recently exceeded 56,000 vehicles per day, reinforcing the corridor's role as a primary transportation artery connecting Downtown Knoxville, McGhee Tyson Airport, and major employment centers throughout the region.
The site also sits within a designated Opportunity Zone, offering investors the potential for meaningful federal tax advantages including capital gains deferral and potential tax elimination on future appreciation if held long-term.
Located just minutes from Downtown Knoxville, the University of Tennessee, and McGhee Tyson Airport, the property is strategically positioned near major employment drivers including the Amazon Fulfillment Center and other expanding regional employers.
With strong regional growth, improving infrastructure, and significant development potential, 2814 Dresser Rd represents a compelling opportunity to acquire a large redevelopment site in one of Knoxville's most important growth corridors.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Natural Gas, Other
Cooling Central Cooling
Flooring Other
Heat Source Natural Gas, Other
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Asphalt
Garage No
Building
Faces Follow US-129 S to Lakemoor Vw Rd. Take exit 3 from US-129 S
Structure Type Brick
Others
Tax ID 122OJ003
Energy Description Gas(Natural)
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
Listed by SVN I Wood Properties
NEARBY SCHOOLS & PROPERTIES