Knoxville, Tennessee, is a prime location for investing in Commercial Land, with its rich history, diverse economy, and stunning natural beauty. As a hub for Appalachian culture, Knoxville offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for businesses and individuals alike. With 41 Commercial Land listings available, investors have a wide range of options to choose from, each offering a unique opportunity to tap into the city's growing economy.
Knoxville's Commercial Land market is characterized by its accessibility, with major transportation hubs like McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX. The city's economy is driven by a diverse range of industries, including real estate, finance, manufacturing, retail, and technology/research, with major employers like First Horizon Bank, Truist Financial, and the University of Tennessee. The city's amenities, including the University of Tennessee's Neyland Stadium and Thompson–Boling Arena, as well as its vibrant arts scene, make it an attractive location for businesses and individuals. With its stunning natural beauty, rich history, and diverse economy, Knoxville is an ideal location for investing in Commercial Land. The city's other property types, such as Office Space, Retail Space, Industrial Space, and Land, also offer unique investment opportunities, each with its own characteristics and advantages.
What are common commercial uses for land in the Knoxville market?
In the Knoxville market, common commercial uses for land include retail development, such as shopping centers and strip malls, as well as office spaces, warehouses, and manufacturing facilities, which cater to the city's diverse economy comprising real estate, finance, manufacturing, retail, and technology/research sectors. Additionally, land is also utilized for hospitality purposes, including hotels and restaurants, taking advantage of Knoxville's tourist attractions, such as the Sunsphere and the Tennessee Amphitheater, and its proximity to the Great Smoky Mountains National Park.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Knoxville, there are several common ways to do so. For instance, investors can buy land directly from private sellers, real estate agents, or online marketplaces like CityFeet.com, which currently lists 41 available listings of commercial land for sale, with an average price per square foot of $270 USD and an average size of 2,777 square feet.
Before making a purchase, it's essential to do your due diligence and research the property thoroughly. If you're new to land investment, it's a good idea to start by reading our guide on how to buy land, which covers the ins and outs of the process and helps you determine if buying land is a good investment for your specific needs.
