Investor Special | Corner Lot Opportunity Near Fourth & Gill

Assignment Price -$300,000.00

ARV -$435,000.00

Located just off downtown Knoxville and directly adjacent to the highly desirable Fourth & Gill neighborhood, this 3-bedroom, 2-bath property presents a rare value-add opportunity in one of the city’s strongest growth corridors. Positioned within walking distance to the Old City and just steps from Schulz Bräu Brewing, the location alone makes this a compelling play for seasoned investors.

The property sits on a corner lot and includes an additional side lot, offering flexibility for expansion, future construction, or creative redevelopment strategies. Zoned R-4 (per seller), this setup is well-suited for a flip, BRRRR strategy, or a small-scale infill project, subject to buyer verification of zoning, setbacks, and any historic overlay requirements.

Property Highlights

• 3-bedroom / 2-bath layout with a solid, functional footprint
• Corner lot with an additional side lot providing future upside potential
• Estimated $75,000 renovation to bring the property to full retail condition
• Strong after-repair value potential estimated around $435,000 once updated
• Flexible exit strategies: flip, long-term hold, or builder opportunity

Location Advantages

• Immediate proximity to Fourth & Gill, one of Knoxville’s most sought-after historic neighborhoods
• Walkable to breweries, coffee shops, and downtown amenities
• Minutes from Old City nightlife, dining, and entertainment
• Located in a rapidly appreciating area with strong buyer demand for renovated homes

Due Diligence Notes

• Buyer to independently verify R-4 zoning, lot dimensions, setbacks, and side-lot buildability through KGIS and Knox Planning
• Utilities, access points, and parcel configuration to be confirmed during inspection

Opportunities like this combining location, zoning flexibility, and multiple exit paths are increasingly rare in the urban core. This is a prime chance to secure a strategic asset in one of Knoxville’s most dynamic neighborhoods.

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