722 Leconte Drive

About this property

Exceptional in-town development opportunity in one of Knoxville's most desirable and rapidly evolving areas. This 0.74-acre city lot offers outstanding potential for duplex or multi-family residential construction, ideally suited for builders, investors, or developers looking to capitalize on strong rental demand and continued urban growth. Located less than 2 miles from downtown Knoxville and the highly sought-after Market Square, the property sits in a prime infill corridor surrounded by ongoing redevelopment, renovated historic housing, and new residential and mixed-use projects. Residents will enjoy quick access to some of the city's best dining, entertainment, local markets, and cultural attractions, all within minutes of home. The site is also conveniently positioned near the University of Tennessee, Knoxville University of Tennessee Knoxville, making it especially attractive for student housing, faculty rentals, or long-term investment properties catering to a consistently high-demand rental market. Proximity to the university supports strong occupancy potential and stable rental income opportunities year-round. Outdoor recreation and scenic appeal further enhance the location, with the Tennessee River Tennessee River just a short distance away. The riverfront area offers walking and biking paths, greenways, parks, and water access, adding to the quality of life and desirability for future tenants or homeowners seeking a balance between urban convenience and natural surroundings. The 0.74-acre parcel provides ample space for thoughtful site planning and flexible design options, allowing for duplex construction, townhomes, or a small multi-family community (subject to zoning approval). Its size and configuration make it particularly well-suited for maximizing density while still maintaining livability, parking accommodations, and attractive curb appeal. Surrounded by a blend of established neighborhoods and ongoing development activity, this property represents a rare opportunity to secure a well-located tract of land in a tightening urban market. Whether developed for long-term rental income, resale, or a boutique residential project, this site offers strong upside potential in one of East Tennessee's most dynamic real estate corridors. A truly strategic investment opportunity combining location, scale, and flexibility--just minutes from downtown Knoxville, the University of Tennessee, and the Tennessee River.