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    603 Main St Knoxville, TN 37902

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    For Sale
    $4,693,000

    Eleven commercial and residential units in downtown Knoxville.

    Property size:
    7,329 SF
    Lot size:
    0.49 Acres

    Property Features for 603 Main St

    General Information

    Size
    7,329 SF
    Lot size
    0.49 Acres

    Source: Alliance Sotheby's International Realty Agent Melinda Grimac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Knoxville Mixed-Use Investment

    An investment opportunity is available in downtown Knoxville, featuring 12,807 square feet comprised of eleven commercial, mixed-use, and residential units within the Medical Arts Building. Deeded on-site parking is available for purchase. The commercial spaces include a real estate office in Units 102/104. The nine available residential units are equipped with major appliances, including washer and dryer sets, and are ready for new tenants. HOA guidelines require a minimum 6-month tenant lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Security Profiles ... Employment Agency Barnes Monica Dentist Weinstein Douglas C Attorney Slovis Norbert J Attorney University Real Estate ... Condominium Rental Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.919884
    Latitude
    35.960829

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    FAQs

    What type of property is this?
    Office space - Eleven commercial and residential units in downtown Knoxville.
    Where is this office space located?
    The property is located at 603 Main St Knoxville, TN.
    What is the asking price?
    The asking price for this property is $4,693,000.
    What are key features of this property?
    This property features: - Significant investment opportunity with 12,807sf comprised of eleven commercial/mixed-use/residential units.; - Located in the Medical Arts Building in downtown Knoxville.; - Deeded on-site parking available for purchase.
    (865) 356-4178
    Request Owner's contact information
    603 Main St Knoxville, TN 37902
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    Knoxville, TN 37902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    603 Main St Knoxville, TN 37902
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