Powell, Tennessee Commercial Real Estate 2 Listings

Powell, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Powell, Tennessee, is emerging as a significant player in the commercial real estate (CRE) market, offering a strategic advantage for investors and developers seeking opportunities in a dynamic economy. Located in Knox County, Powell benefits from its proximity to Knoxville and is part of the larger Knoxville metropolitan area. The city is characterized by a diverse economic landscape, with notable industry clusters in logistics, healthcare, and manufacturing. Powell's unique position makes it an attractive destination for various commercial property types, including office spaces, industrial parks, and retail centers.

Economic and Industry Overview

Powell's economy is bolstered by several key industries that drive demand for different types of commercial real estate. The logistics and distribution sector thrives due to Powell's strategic location near major transportation routes. Healthcare is another significant industry, supported by proximity to leading medical institutions in the Knoxville area. Manufacturing, particularly in advanced materials and automotive sectors, also plays a crucial role in Powell's economic landscape. The region benefits from initiatives by the Knox County Economic Development Agency, which fosters growth and innovation in these sectors.

Strategic Location and Transportation Infrastructure

Powell is strategically positioned with excellent access to major transportation infrastructure. The city is near Interstate 75 and Interstate 40, providing efficient routes for freight and logistics operations. The nearby McGhee Tyson Airport, located just south of Knoxville, offers commercial flight services and cargo facilities, enhancing Powell's connectivity to national and international markets. Rail lines operated by Norfolk Southern further augment Powell's logistical advantages, making it a prime location for distribution centers and warehousing operations. For more information, visit the Tennessee Department of Transportation.

Commercial Real Estate Inventory & Zoning

Powell features diverse CRE submarkets, including industrial corridors and burgeoning retail areas. The office market is primarily concentrated near major highways, providing easy access for businesses. The industrial sector benefits from zoning conducive to large-scale operations, with several innovation districts fostering technology-driven enterprises. Powell also offers incentives for developers, including tax abatements and zoning overlays that support mixed-use development. Explore Powell's zoning maps for detailed information.

Major Employers and Institutions

Powell is home to several major employers that influence local CRE demand. Key players include Covenant Health, a leading healthcare provider, and DeRoyal Industries, a prominent medical product manufacturer. The nearby University of Tennessee, Knoxville, contributes to a skilled labor pool and drives research and development activities. For a comprehensive list of employers, visit the Knox County Business Directory.

Notable Commercial Developments & Projects

Powell is witnessing several large-scale commercial developments, including mixed-use projects and innovation parks. The Powell Town Center, a significant retail and office space, exemplifies the city's growth trajectory. Public-private partnerships and designated Opportunity Zones offer lucrative investment opportunities, fostering economic revitalization in targeted areas. For more information on ongoing projects, visit the Knox County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Powell offers a range of resources to facilitate CRE projects. Access the City’s Building and Safety Department for permits and regulations. Utilize the Knox County GIS Map Viewer for parcel information and zoning details. The Planning Commission provides insights into future developments and regulatory updates.

Market Data & Economic Reports

Powell's market data is supported by public datasets such as census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation of these public data sources and internal insights to provide comprehensive dashboards for Powell, Tennessee. Explore our Brevitas-powered dashboards for detailed market analysis.

Why Use Brevitas for Powell, Tennessee CRE?

Brevitas stands out as the premier platform for CRE discovery in Powell, Tennessee. Our AI-driven tools offer real-time market alerts, smart property pages, and collaborative dealrooms. Brevitas features include: