Contacts

Guzel Lubinski

Golden Group Real Estate

Property Details

Property Type Multi-Family
Property Size 88,378 SF
Units 186
Lot Size 3.9 Acre
Additional Rent Contact for pricing
Year Built 1976
Date Updated Dec 11, 2024

Located in the heart of East Tennessee, Knoxville sits at the crossroads of I-75, I-40 and I-81. It is the third largest city in the state, with the nine-county metro area comprising close to 900,000 residents. The subject property is just 3.4 miles or 6 minutes’ drive from everything downtown has to offer. Located off Interstate 40, this hotel is a 5-minute drive from the Tennessee River Boat Company, less than a 10-minute drive from the Discovery Center and Knoxville Zoological Gardens, and 5 miles from the University of Tennessee.

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Highlights

23,631 SF hotel property offered as multifamily conversation opportunity
186 studio apartment (209 SF each)
Zoned C-G-1 (General Commercial Zoning District) with multi-family dwelling permitted use already approved
Full package of required permits, plans, survey, clean Phase 1 report along with the city’s multifamily zoning– a great deal of money and time that the buyer does not have to spend!
Partially operational hotel with cash flow in place
Versatile property for multifamily real estate investors, including options for student housing or extended stay
Located in a high dense, growing city with high demand for apartments housing.
Located 5 miles from the University of Tennessee (28,000 students)
Just 6 minutes’ drive from everything downtown has to offer: restaurants, entertainment, shops, business establishments.
Friendly local government offering variety of incentives and tax programs for developers

Getting around

38/100
Walk Score ®
29/100
Transit Score ®
29/100
Bike Score ®

Powered by Walk Score ®

City Knoxville, TN
Neighborhood North Knoxville
Zip Code 37917
Market Knoxville

Points of Interest

Three Rivers Rambler

3.58 miles

Kroger

1.15 miles
Blink

2.01 miles
Quik Stop

2.36 miles
Fuel City

2.39 miles
Casey's

2.94 miles
Casey's General Store

3.06 miles
Sam's Club

3.09 miles
Murphy USA

3.18 miles
Shell

3.31 miles
Tesla Supercharger

7.03 miles

Jackson Lot

1.90 miles
Civic Auditorium and Coliseum Garage B

1.91 miles
SP+

1.91 miles
Civic Auditorium and Coliseum Garage A

1.98 miles
Civic Auditorium and Coliseum Garage C

2.00 miles
Marble Alley Lofts Garage

2.05 miles
Caldonia Pass

2.10 miles
Jackson Avenue Lot

2.10 miles
Promenade Garage

2.11 miles
State Street Parking Garage

2.13 miles

Value Inn

0.89 miles
Crowne Plaza

2.14 miles
The Sky-Lite Hotel

2.14 miles
Hyatt

2.20 miles
Embassy Suites by Hilton Knoxville Downtown

2.21 miles
Oliver Royal Hotel

2.25 miles
Residence Inn

2.26 miles
Andrew Johnson Hotel

2.37 miles
Hilton Knoxville

2.39 miles
Marriott Knoxville

2.45 miles

Mast General Store

2.13 miles
Kroger

2.14 miles
The Market at Union & Gay

2.18 miles
Food City

2.69 miles
Big Lots

2.79 miles
Target

3.08 miles
Walmart Supercenter

3.23 miles
ALDI

3.38 miles
Publix

3.71 miles
United Grocery Outlet

4.07 miles

In-Depth Research Available for this Property

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