1004 Sevier Ave 10,000 SF Vacant Industrial Building Knoxville, TN 37920 $2,000,000 ($200/SF)

Prime ±10,000 SF Mixed-Use Riverfront Opportunity – South Waterfront District
Rarely does a building of this size, quality, and location hit the market in Knoxville.
The City of Knoxville is investing $19 million in the Sevier Avenue streetscape, adding wider sidewalks, a riverfront trail behind the building, pedestrian upgrades, a new roundabout, a pedestrian bridge from downtown (under construction), and an 80-space public parking lot.
Located in one of the fastest growing areas on the riverfront, just south of downtown in the thriving Riverfront South district, this ±10,000 freestanding property offers exceptional flexibility and upside in one of East Tennessee’s most dynamic growth corridors. Zoned C-3 (Light Industrial), the site allows for retail, office, creative space, light manufacturing, cold storage, showroom, event venue, micro-brewery, or virtually any mixed-use concept. Convenient freeway access enhances both visibility and accessibility.
The building offers two expansive patio areas, the front with roll-up garage doors, plus a rear deck extension opportunity overlooking the future walking trail —creating an ideal indoor/outdoor environment for a restaurant, taproom, or music venue.
With 25 climate-controlled rooms on the office side and a walk-in cooler on the industrial side, the property is also uniquely positioned for a mixed-use coworking and hospitality concept.
The office and retail suites require only minor cosmetic updates to be move-in ready, making the property well-suited for a law firm, HVAC or plumbing contractor, distribution, medical supply, design studio, or any professional service seeking a high visibility, strategically located headquarters or regional office.
Whether you’re an owner-user seeking the perfect headquarters, a developer hunting the ultimate adaptive-reuse opportunity, or an investor chasing strong, tax-advantaged cash flow in a supply-constrained submarket, this asset literally cannot be replicated today at any price. For investors with capital gains seeking a true tax-free vehicle (not just deferral) via an Opportunity Zone strategy, this is your move.
Proximity Advantage
• Immediate access to Downtown Knoxville, the University of Tennessee, I-40, I-275, and the James White Parkway
• Near downtown Knoxville’s emerging tech and office hub
• Fast, regional access via all major Knoxville highways
• Proximity to expanding Oak Ridge Data-Center cluster (˜40 minutes)
Investment Highlights That Can’t Be Replicated
• Situated in a federally designated Opportunity Zone, offering significant tax advantages for qualified investors
• True scarcity: Virtually zero competing ±10,000 SF buildings of this quality and condition are currently available south of the river
• Strong surrounding growth: New residential, retail, and hospitality projects transforming the entire South Riverfront district
Building Features & Interior Details
• 25 total rooms, including multiple temperature-controlled and humidity-controlled rooms
• 3 bathrooms, all backing up to each other for plumbing efficiency
• Nest thermostat system
• Walk-in cooler on the industrial side
• Two loading bays
• Gas heater in warehouse section
• One humidity-controlled room in the main area + multiple temp and humidity-controlled rooms in warehouse
• Rec room / kitchen area
• Washer & dryer hookup
• Mix of LVP, tile, vinyl, carpet (two offices), and concrete flooring
• Showroom with Japanese mini-split unit
• Front office suite with its own entrance, two offices, and a private bathroom
• Slab foundation with drop ceiling (walls can be removed to open the full space)
Mechanical & Structural
• New water heater
• New backflow meter
• HVAC (2015)
• Roof (2015) – small-pitch rubber bladder roof with external gutters
Utilities & Operating
• Average utilities: approx. $800/month (KUB)
• All utilities provided by KUB
• Proximity to three-phase power infrastructure for potential micro data center use