$2,900,000

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.