2814 Dresser Rd, Knoxville, TN 37920

$2,900,000

Property Type: Multi-Family Status: Active

Current Price: $2,900,000 List Date: 3/24/2026 Last Modified: 3/24/2026

Overview

Description

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-12 ... (Read more) 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.

Listing Details MLS# 1332207

Location Tax Legal Info

House #: 2814
Street Name: Dresser
St Suffix: Rd
State/Province: TN
Zip Code: 37920
PIN #: 122OJ003

Contract Info

Auction Y/N: No
Listing Price: 2900000

General Property Description

Lot Dimensions: 362.69 X 576.50
Number of Units: 2
Utilities/Mo Avg: 150
Year Built: 1960
Property Status: N/A
Driveway: Paved

Status Change Info

Status Change Date: 2026-03-24

More Information

Property Features

Property Sub-Type: Other Type of Units: Other Sale Includes: Other Floors: Other Fuel: Gas (Natural) Heat: Other Cooling: Central Cooling Construction: Frame - Brick Roof: Asphalt Other Rooms: Other New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns

IDX

Listing Office: SVN I Wood Properties

Last Updated: March - 24 - 2026

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2814 Dresser Rd, Knoxville, TN 37920 (MLS# 1332207)