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    22 Market Sq Knoxville, TN 37902

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    For Sale
    $18,500,000

    Mixed-use property in Knoxville's Market Square with income potential.

    Property size:
    33,876 SF
    Lot size:
    0.27 Acres

    Property Features for 22 Market Sq

    General Information

    Size
    33,876 SF
    Lot size
    0.27 Acres

    Source: Alliance Sotheby's International Realty Agent Orel Brodt

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

    Overview

    Market Square Mixed-Use Investment

    Located in the highly trafficked area of downtown Knoxville's Market Square, this mixed-use property at 16-22 Market Square presents an investment opportunity. The building currently features three retail storefronts and 11 residential units, offering immediate income potential. Updates are planned for the near future, including a new rooftop event venue with cityscape views, 11 residential units suitable for short- or long-term rental income, and seven retail storefronts designed for pedestrian visibility. Plans also include two unique speakeasy-style bar/restaurant spaces in the basement, a new elevator, and modern infrastructure upgrades throughout the building. The property is located in Knoxville’s walkable district, Market Square. Over $1 billion in public and private investment is reshaping downtown, including new stadiums, parks, bridges, and residential development. The property is available for purchase as-is, and the current owners are working on architectural drawings and planning a full renovation. The layout and features described reflect the proposed post-renovation design, and the property may also be purchased fully renovated. The property size is 33,876 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Earth To Old City Gift Shop ATM Atm

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.919886
    Latitude
    35.965899

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Knoxville's Market Square with income potential.
    Where is this mixed-use property located?
    The property is located at 22 Market Sq Knoxville, TN.
    What is the asking price?
    The asking price for this property is $18,500,000.
    What are key features of this property?
    This property features: - Premier mixed-use property in the heart of Knoxville's vibrant Market Square, a high-traffic downtown location.; - Significant income potential with 7 prime retail storefronts and 11 residential units ideal for short- or long-term rental.; - Planned **rooftop event venue with cityscape views.**
    (305) 606-1178
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    22 Market Sq 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
    22 Market Sq Knoxville, TN 37902
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