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    716-718 S Gay St Knoxville, TN 37902

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    For Sale
    $2,900,000

    Two adjoining buildings on Gay Street in central Downtown Knoxville.

    Property size:
    18,500 SF
    Lot size:
    0.16 Acres

    Property Features for 716-718 S Gay St

    General Information

    Size
    18,500 SF
    Lot size
    0.16 Acres

    Source: Oliver Smith Realty & Development Company Agent Will Sims

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

    Overview

    Downtown Knoxville Retail Buildings For Sale

    This offering presents the opportunity to purchase two adjoining buildings encompassing 18,500 square feet. Situated on Gay Street in Downtown Knoxville, the location is near parking facilities, the courthouse, Market Square, and various other downtown attractions. Traffic counts near the property are: Henley Street 28,358; Western Ave 15,761; W Summit Hill Drive 13,291. Retailers nearby include Market Square, Calhoun’s, Kroger, and Dunkin Donuts.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

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

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    FAQs

    What type of property is this?
    Retail space - Two adjoining buildings on Gay Street in central Downtown Knoxville.
    Where is this retail space located?
    The property is located at 716-718 S Gay St Knoxville, TN.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Prime Downtown location on Gay Street; - Substantial 18,500 sq. ft. property; - Unique opportunity to purchase two adjoining buildings
    (865) 584-2000
    Request Owner's contact information
    716-718 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
    716-718 S Gay St Knoxville, TN 37902
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