304 South Gay St Knoxville, TN 37917

Two adjacent properties on South Gay Street in Downtown Knoxville offer an exceptional opportunity. The first property, located at 304 S Gay Street, features over 10,000 square feet of luxury residence space and a 1,200 square foot commercial tenant at street level. This property includes garage parking, elevator access, and restored historic details throughout. Two interior stairwells could provide efficiencies for future subdivision or connection to adjoining development. The second property, located at 308 S Gay Street, is a 0.2174-acre development parcel zoned DK-G, supporting a wide range of downtown commercial or residential uses. The in-place zoning has no height limit. Calculations for a 10-story hotel at 70% efficiency estimate over 100 units with a gross buildable area of over 68,000 square feet. Prospective buyers should perform their own research to verify these calculations. Both properties are located in an Opportunity Zone and are available separately or together. They combine historic character, modern living, and development potential in Knoxville’s most active urban corridor.