For Sale
$2,695,000

6350 Clinton HwyKnoxville, TN 37912

21 Acres, Multi-Family Potential, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 21.39-acre property presents a rare development opportunity in Knoxville, Tennessee. Located at 6350 Clinton Highway, this assemblage of six parcels boasts over 10,000 square feet of existing retail and office structures currently generating $60,000 in annual gross rental income, though rents are well below market value and tenants may remain or vacate. The property benefits from a high-traffic location on Clinton Highway, experiencing over 25,000 cars daily. The CA | A - MDR zoning allows for a mix of medium-density residential and general commercial uses, making it ideal for multi-family development and retail expansion. Significant infrastructure advantages include existing sewer and water access across the entire property and all surrounding sides. The site features almost a quarter-mile of frontage on Clinton Highway and adjoins the Cherrybrook subdivision, where homes sell for approximately $400,000. A brand-new survey is available. The asking price is $2,695,000. No city taxes apply. This is a unique chance to capitalize on a prime location with substantial existing infrastructure and high development potential.

Highlights

  • 21.39-acre development opportunity in Knoxville, TN, located at 6350 Clinton Highway.
  • Six-parcel assemblage with over 10,000 SF of existing retail/office space generating $60,000 annual gross income (below market rents).
  • High-traffic location on Clinton Highway (25,000+ cars daily), CA | A - MDR zoning allows multi-family & commercial development.
  • Full sewer & water access; nearly 1/4 mile of Clinton Highway frontage; adjacent to Cherrybrook subdivision ($400,000+ homes).
  • Brand new survey available; asking price $2,695,000; no city taxes.

Property Details for 6350 Clinton Hwy

Property type
Land
Lot Size (sq. ft)
931,748 SF

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
36.008522421539
Longitude
-84.008110482782
6350 Clinton Hwy, Knoxville, Tennessee

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6350 Clinton Hwy
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