2.64 Acres - Prime Development Site in Knoxville, TN
Prime 2.64-Acre Development Site in Knoxville, TN Cedar Bluff / Park West Corridor
Marketing description
Rare opportunity to acquire one of the last sizable vacant parcels in Knoxville's premier Cedar Bluff submarket—one of East Tennessee's largest and most established office/medical/business districts. This ~2.64-acre site sits directly along Park West Blvd, just off I-40 at the high-traffic Cedar Bluff Exit 378.
Zoning & Development Flexibility
Zoned PC (Planned Commercial) in Knox County — supports a broad range of commercial uses including hotels, medical offices/clinics, professional services, retail, restaurants, and more (subject to site plan approval).
No improvements or structures — clean slate for ground-up development or build-to-suit.
Long-term single ownership (40+ years) — motivated seller, straightforward transaction.
Unparalleled Location & Access
Immediate adjacency to Parkwest Medical Center (major regional hospital) and its extensive medical ecosystem, including:
Premier Surgical Parkwest
Parkwest Heart Hospital
Specialized centers (bariatrics, urology, ENT, neurology, dialysis, radiology, pediatrics, therapy)
Direct exposure to heavy daily traffic on Park West Blvd, with convenient I-40 access carrying high volumes (regional arterial serving West Knoxville growth).
Surrounded by dense commercial activity: national brands like Cracker Barrel, Regions Bank, Firestone, McDonalds, Starbucks, Dunkin Donuts.
Hotel cluster at Exit 378 includes major chains (Holiday Inn, Hampton Inn, Drury Inn, Embassy Suites, Hilton Garden Inn, Home2 Suites, Best Western, Residence Inn, and more) — strong indicator of sustained demand for hospitality and supporting uses.
Cedar Bluff / West Knoxville remains a high-demand node with low vacancy in quality office and medical assets. Vacant, developable land of this size is exceptionally scarce in this established corridor — creating a unique window for hotel expansion, medical office build-out, outpatient facility, or mixed commercial project serving the area's growing professional and healthcare workforce.
Ideal For
Hotel brands seeking infill or flag expansion near medical demand drivers
Healthcare developers (outpatient, specialty clinics, MOBs)
Professional office or mixed-use investors
1031 exchange buyers seeking stabilized submarket exposure
This site offers immediate access to proven demand generators without the entitlement delays common in greenfield areas.
Investment highlights
Prime, Infill Location in Knoxville's Premier Cedar Bluff / West Knoxville Corridor Directly along Park West Blvd, adjacent to 9333 Park West Blvd, with seamless access to I-40 at the high-traffic Cedar Bluff Exit 378—positioning the site at the heart of one of East Tennessee's most established and resilient business/medical districts.
Exceptional Medical Ecosystem Adjacency Immediate proximity to Parkwest Medical Center (major regional hospital) and a dense cluster of complementary facilities, including Premier Surgical, Parkwest Heart Hospital, specialized centers for bariatrics, urology, ENT, neurology, dialysis, radiology, pediatrics, and therapy—creating strong built-in demand drivers for medical office buildings (MOBs), outpatient clinics, or related healthcare uses.
Proven Hospitality & Commercial Synergies Surrounded by a robust hotel cluster at Exit 378 (Holiday Inn, Hampton Inn, Drury Inn, Embassy Suites, Hilton Garden Inn, Home2 Suites, Best Western, Residence Inn, and others) plus national brands like Cracker Barrel, Regions Bank, and Home Federal Bank—ideal for hotel infill/expansion, supporting retail/restaurant, or mixed commercial development serving hospital visitors, staff, and regional professionals.
Rare Scarcity in a High-Demand, Low-Vacancy Submarket One of the last sizable vacant parcels (~2.64 acres) in this mature, supply-constrained area—where comparable office/medical assets maintain sub-4% vacancy rates (well below national averages) and West Knoxville fundamentals remain exceptionally strong.
Flexible PC (Planned Commercial) Zoning Broad entitlements support hotels, medical offices/clinics, professional services, retail, restaurants, and more (via site plan approval)—offering developers maximum flexibility for ground-up projects, build-to-suit opportunities, or adaptive concepts without extensive rezoning delays.
Clean, Shovel-Ready Site with Long-Term Ownership Stability No existing structures or improvements; held by the same owner for 40+ years—delivering a straightforward, clean-title transaction with minimal surprises and strong seller motivation.
Strong Access & Visibility Excellent frontage on a key arterial with convenient interstate connectivity serving West Knoxville's ongoing growth—capitalizing on regional population influx, healthcare expansion, and business-friendly dynamics.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
