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    714 S Gay St Knoxville, TN 37902

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    For Sale
    $2,700,000

    First-floor retail and office building for sale in Knoxville.

    Property size:
    7,872 SF
    Lot size:
    0.08 Acres

    Property Features for 714 S Gay St

    General Information

    Size
    7,872 SF
    Lot size
    0.08 Acres

    Source: Wallace Commercial Agent Christa Rosenberg

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

    Overview

    Fully Occupied Retail/Office Building

    This is an investor opportunity to acquire a fully occupied first-floor retail and office building. The first floor and basement are leased to a single tenant, while the second and third floors (including a third-floor mezzanine) are leased to a professional office user. The building features brick-lined walls and glass interior office walls, providing a modern flair to this historic structure. The first floor includes brick walls and hardwood flooring (currently under cover). A new roof was installed, and engineering support in the basement was updated in 2023-2024. Parking is available at the back of the building. The property is located on the east side of S Gay Street, situated between Church St and Cumberland Ave. The property size is 7,872 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knoxville Soap Candle ... Gift Shop bounce10 Software Company Solinity Consultant Pedal for Alzheimer’s Non-Profit Organization MarbleCity Vapor/Smoke Shop Smoke Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.916644
    Latitude
    35.963064

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    FAQs

    What type of property is this?
    Retail space - First-floor retail and office building for sale in Knoxville.
    Where is this retail space located?
    The property is located at 714 S Gay St Knoxville, TN.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Fully occupied building provides immediate rental income.; - New roof and updated engineering support (2023-2024) minimize near-term capital expenditures.; - **First floor retail/office space and upper-floor professional office space offer diversified tenant base.**
    (865) 309-4950
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    714 S Gay 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
    714 S Gay St Knoxville, TN 37902
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