WFPD responded to a disturbance at 7th and Martin Luther King Blvd, just before 3 p.m. on Friday.
Police said Scott Lee Adams, 36, and the victim were involved in a scuffle at the corner of 7th and MLK near the old grocery store sign.
During the scuffle the victim was stabbed at least one time in the upper left chest area.
Police said Adams then left the scene, traveling north on MLK Blvd.
The victim made his way across the street and collapsed near the front door of the OK Liquor Store at 7th and MLK.
The victim was rushed to the hospital and at last check was in surgery.
Adams was taken into custody, and is expected to be charged with Aggravated Assault.