Smokies Stadium Redevelopment Site

This property sits at the epicenter of Knoxville’s most ambitious revitalization zone. Just steps from the newly constructed Covenant Health Park, the area is undergoing a transformation into a dynamic mixed-use district—infused with energy from sports, entertainment, and urban living.SVN | Wood Properties is pleased to exclusively present 701 E Depot Avenue, a .784 acre redevelopment site that offers unmatched adjacency to Covenant Health Park—a brand-new 7,000-seat multi-use stadium that opened in Spring 2025 that hosts the Knoxville Smokies, One Knoxville SC, and major regional events. Zoned I-MU (Industrial Mixed-Use), the parcel is primed for redevelopment into a multifamily or mixed-use residential project. The site’s generous lot dimensions and central location in a high-growth district make it an ideal candidate for vertical construction. A rezoning to either C-G-2 or C-G-3 (General Commercial zoning districts) is also likely to be supported by the City of Knoxville. The C-G-2 district supports moderate-intensity mixed-use and multifamily development and is suited for urban centers and walkable corridors. Meanwhile, C-G-3 is intended for high-intensity regional commercial and multifamily development, with fewer restrictions on building scale and land coverage—making it an excellent fit for large-scale apartment or mixed-use projects. Both districts allow residential uses by right and are designed to accommodate the kind of density and flexibility that this location demands. This flexibility, combined with the site's visibility, walkability, and adjacency to the stadium and Downtown Knoxville, makes this property one of the most promising redevelopment sites in Knoxville.