$2,900,000
Knoxville, TN 37920
MLS# 1332207
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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.
Details
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: County
Total Tax: 5407.92
Contract Info
Auction Y/N: No
Listing Price: 2900000
Current Price: $2,900,000
Status: Active
Listing Date: 2026-03-11
General Property Description
Lot Dimensions: 362.69 X 576.50
Utilities/Mo Avg: 150
Property Status: N/A
Driveway: Paved
Number of Units: 2
Year Built: 1960
Remarks & Misc
Directions: Follow US-129 S to Lakemoor Vw Rd. Take exit 3 from US-129 S
Public Remarks: 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.
Property Sub-Type
Other: 1
Construction
Frame - Brick: 1
Type of Units
Other: 1
Sale Includes
Other: 1
Cooling
Central Cooling: 1
Floors
Other: 1
Garage/Parking
On Premise Parking: 1
Fuel
Gas (Natural): 1
Heat
Other: 1
Other Rooms
Other: 1
Roof
Asphalt: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 2814
Street Name: Dresser
St Suffix: Rd
State/Province: TN
Zip Code: 37920
PIN #: 122OJ003
Geo Lat: 35.915052
Geo Lon: -83.954845
Status Change Info
Status Change Date: 2026-03-24
Property Features
Property Sub-Type: Other
Type of Units: Other
Sale Includes: Other
Floors: Other
Fuel: Gas (Natural)
Heat: Other
Cooling: Central Cooling
Construction: Frame - Brick
Roof: Asphalt
Other Rooms: Other
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
IDX
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: March - 24 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.