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2862 Dresser Rd - South Knoxville OZ Development Site 5 Acres of Commercial Land in Knoxville, TN 37920
Investment Highlights
- Upgraded intersections and improved access management near Dresser Road
- Reduced congestion and improved travel reliability
- Strengthened connectivity to McGhee Tyson Airport and major employment centers
- Separation of local and through traffic to enhance flow
- Enhanced safety and support for rising traffic volumes
Executive Summary
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.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 5.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 5.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 5.00 AC |
| Lot Size | 5.00 AC |
Located along Alcoa Highway about five minutes from The University of Tennessee campus. The property now sits off Alcoa Highway on Dresser Road due to the recent highway expansion.
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2862 Dresser Rd - South Knoxville OZ Development Site
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