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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

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    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.**
    (865) 637-3770
    Request Owner's contact information
    7 Market Sq 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
    7 Market Sq Knoxville, TN 37902
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