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600 E Magnolia 9,599 SF Industrial Condo Unit Offered at $2,295,000 in Knoxville, TN 37917
INVESTMENT HIGHLIGHTS
- Prime location near Covenant Health Park and downtown Knoxville
- Flexible building layout featuring showroom, offices, and warehouse space
- Situated in an Opportunity Zone and TIF District with potential tax incentives
- Excellent visibility and access from Hall of Fame Drive and I-40
EXECUTIVE SUMMARY
600 E Magnolia Avenue offers a rare opportunity to acquire a prime industrial property in Knoxville’s rapidly revitalizing Magnolia corridor. Positioned just one block from the new Covenant Health Park—home to the Knoxville Smokies Baseball Team and One Knox Sporting Club—this site is at the gateway to downtown Knoxville and within walking distance of the Old City, the University of Tennessee, and a vibrant mix of retail, hospitality, and entertainment venues. The property spans approximately 0.93 acres and features a 9,599 SF building originally constructed in 1920 with later additions, including a spacious showroom with glass frontage, sales counter, offices, two baths, and warehousing space with a loading dock. A two-story warehouse with an innovative racking system adds flexibility for storage and distribution. Ample parking and tractor-trailer access enhance functionality for industrial or mixed-use redevelopment. Located off I-40 at Hall of Fame Drive and Magnolia Avenue, the site benefits from DK zoning and inclusion in a TIF District, offering potential tax credits and incentives for redevelopment. Its Opportunity Zone designation further amplifies investment appeal for projects such as multifamily, retail, or hospitality. Graning Paint Co., a long-standing Knoxville business, currently occupies the property and will relocate after the sale, creating a clean slate for new ownership.
PROPERTY FACTS
| Total Building Size | 32,000 SF | Typical Floor Size | 32,000 SF |
| Property Type | Industrial (Condo) | Year Built | 1925 |
| Property Subtype | Warehouse | Lot Size | 1.54 AC |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Floors | 1 | Opportunity Zone |
Yes
|
| Zoning | DK-W - Designed for multi-use. The City is very helpful with approvals for this property. The TIF is very favorable to developer-- | ||
| Total Building Size | 32,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 32,000 SF |
| Year Built | 1925 |
| Lot Size | 1.54 AC |
| Parking Ratio | 1.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DK-W - Designed for multi-use. The City is very helpful with approvals for this property. The TIF is very favorable to developer-- |
AMENITIES
- Air Conditioning
UTILITIES
- Gas
- Water
- Sewer
1 UNIT AVAILABLE
Unit 1
| Unit Size | 9,599 SF | Condo Use | Industrial |
| Price | $2,295,000 | Sale Type | Investment or Owner User |
| Price Per SF | $239.09 | APN/Parcel ID | 095AM00401 |
| Unit Size | 9,599 SF |
| Price | $2,295,000 |
| Price Per SF | $239.09 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 095AM00401 |
DESCRIPTION
600 E Magnolia Avenue is located one block from the new Covenant Health Park, home oftheKnoxville Smokies Baseball Team and OneKnox Sporting Club... and the 100-million-dollar development is fueling major revitalization within this corridor! This location offers an array of sports, retail, commercial, multifamily, hotel, hospitality and entertainment activities... all within walking distance to the Old City, downtown Knoxville and the University of Tennessee.
On the corner of Hall of Fame Drive and Magnolia Avenue sits one of the most incredible locations at the gateway to downtown Knoxville. This site offers the
opportunity to purchase, renovate and/or redevelop this prime property in one of Knoxville’s fastest-growing areas.
The property offers 0.9 acres with approximately 12,000 SF including a partial basement. Additions to the original building built in 1920 includes a large expansive showroom with a glass storefront, sales counter, offices, 2 baths, and warehousing space with a loading dock.
Attached to the original building is a 2-story warehouse with an innovative racking system that stays with the building. Ample parking and tractor trailer access makes this property extremely desirable!
Located just off I-40 and Hall of Fame Drive and Magnolia Avenue, it also lies within the DK Zoning and in the TIF District, providing possible tax credits and
other incentives for mixed-use, multifamily, hotel, or retail redevelopment.
Graning Paint, serving Knoxville since 1955, will be relocating after the sale to a new downtown location.
Additional property in this block may be available. Please inquire!
Presented by
600 E Magnolia
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