Copper Cellar on Cumberland Avenue sold to new owner

The sale has long been rumored, as more property spots on Cumberland have been converted into apartments.
The Strip will not look the same in the coming years; four new apartment buildings and a ten-story parking garage are in the works for Cumberland Avenue.
Published: Mar. 23, 2023 at 1:51 PM EDT|Updated: Mar. 23, 2023 at 1:54 PM EDT
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KNOXVILLE, Tenn. (WVLT) - The original Copper Cellar, located on Cumberland Avenue, now has a new owner, according to the Knox County Register of Deeds office.

Michael Chase, the restaurant’s owner, sold the property to Core Knoxville LLC. The sale has long been rumored, as more property spots on Cumberland have been converted into apartments.

That’s likely the future Copper Cellar will face. Core Knoxville is a property company that manages apartment complexes around Knoxville. The company oversees several complexes in Knoxville, according to its website.

The Register of Deeds Office told WVLT News that the parking lot property sold for $3,219,666.12, almost as much as the building itself, which sold for $3,664,897.76.

Core Knoxville also owns properties off of the strip on 19th Street and Lake Avenue.

Copper Cellar is still in business, as of now. WVLT News has reached out for more information.