3840 Holston Drive

3840 E. Magnolia Avenue offers a ±15,000 SF building on ±1.27 acres along one of Knoxville’s most historic and actively revitalizing corridors. The property sits on the eastern stretch of Magnolia Avenue between Chilhowee Park and Zoo Knoxville to the west and the historic Burlington business district to the east, with convenient access to I-40 and downtown Knoxville. East Magnolia is the focus of a coordinated, multi-year public investment effort. The City of Knoxville has invested about $9 million in modernizing Magnolia Avenue’s infrastructure, and in 2026 it approved a $3.1 million Phase 3 streetscape that brings new sidewalks, bike lanes, lighting, landscaping and transit stops further east. The corridor is part of KCDC’s Magnolia Avenue and Chilhowee Park Redevelopment Plan, which provides for tax increment financing and other incentives to encourage private reinvestment from Bertrand Street to Burlington. Next door, Burlington is getting roughly $17 million in City investment. That includes a new Knoxville Fire Department Station No. 6, the City’s first new fire station in 30 years, and a full streetscape rebuild of the neighborhood’s historic commercial district. The surrounding area draws visitors year-round. Zoo Knoxville, the city’s top attraction, sits next to the 81-acre Chilhowee Park, which the City is reinventing as a full-time public park with $2 million in capital improvements. Muse Knoxville is expanding into Chilhowee Park’s historic Jacob Building, growing to nearly 57,000 SF with support from a $25 million Clayton Family Foundation commitment. Momentum is also building westward along the corridor. The $114 million Covenant Health Park has energized the Magnolia Avenue Warehouse District and extended downtown eastward. New condominiums, historic renovations and community investments are taking shape along Magnolia. With a large building, more than an acre of land, and a position in the path of growth, 3840 E. Magnolia Avenue is an opportunity for owner-users, investors and tenants to establish an early presence in one of Knoxville’s emerging corridors.Current owner will vacate upon a sale or lease of the property. Excellent investment! With a large building, more than an acre of land, and a position in the path of growth, 3840 E Magnolia Avenue is an opportunity for owner-users, investors and tenants to establish an early presence in one of Knoxville’s emerging corridors. This opportunity includes a 15,550 SF free-standing building and an adjacent 1,660 SF unit situated on a 1.27-acre lot in the heart of East Knoxville, a rapidly revitalizing area. This property offers flexible C-G-2 zoning, its ideal for retail, office, warehouse use or redevelopment. It features high visibility, ample parking, and convenient access to Magnolia Avenue and I-40, benefiting from a high traffic count of 11,978 cars per day. Building includes a glass storefront, a loading dock, newer ceilings and lighting. Freezers, grocery equipment, security system can also convey with the sale.​ Highlight: No action environmental letter has been received from the City.SVN | Wood Properties is pleased to present this free standing building for lease located at 3850 Holston Dr, Knoxville, TN. This property is in the heart of East Knoxville, a rapidly revitalizing area. The building is 15,550 SF and includes a glass storefront, a loading dock, newer ceilings, lighting, refrigerator, freezers, and grocery equipment can convey. With flexible C-G-2 zoning, this property is ideal for retail use or redevelopment. It features high visibility, ample parking, and convenient access to Magnolia Avenue and I-40, benefiting from a high traffic count of 11,978 cars per day.