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7 Market Sq Knoxville, TN 37902

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For Sale
$3,299,995

Retail and residential property in historic Market Square.

Property size:
6,032 SF
Lot size:
0.15 Acres

Property Features for 7 Market Sq

General Information

Size
6,032 SF
Lot size
0.15 Acres

Source: Holrob Agent Chandle Turbyville

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


Overview

Market Square Income-Producing Property

This income-producing property is located in Market Square and features both retail and residential spaces. The retail tenant is currently in the 5th year of a 10-year base term, with a scheduled increase in year 6, and includes two 5-year options. The retail space has been recently upgraded by the tenant. The residential unit was completely renovated in 2016 and is sold furnished. Architectural features include skylights and a lit trey ceiling. The unit also has a large veranda overlooking Market Square, two spacious bedrooms with large bathrooms, and a large half bath. A loft is currently used as a third bedroom. New HVAC units have been installed within the last 4+ years, along with new carpeting and painting. The building is fully sprinkled and includes an elevator, which is currently not in use but operational. There is ample storage, including an owner's storage unit downstairs. The property has a strong rental history with AirBnB. The property size is 6032 square feet, according to tax records. The property is suitable for short term rentals.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quantum Gunworks Association / Organization Rocket Fizz Knoxville Candy Store Trimble LLC Attorney

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Knoxville
County
Knox
State
Tennessee
Longitude
-83.919817
Latitude
35.964819

FAQs

What type of property is this?
Retail space - Retail and residential property in historic Market Square.
Where is this retail space located?
The property is located at 7 Market Sq Knoxville, TN.
What is the asking price?
The asking price for this property is $3,299,995.
What are key features of this property?
This property features: - Income-producing property with established retail tenant and strong AirBnB rental history.; - Prime location in Market Square.; - **Residential unit fully renovated in 2016 with high-end features like skylights, lit trey ceiling, and a veranda overlooking Market Square.**
More about this property
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