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    706 S Gay St Knoxville, TN 37902

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    For Lease
    $32 SF/Yr ($9,600 /Mo)

    3,600 SF retail/restaurant/office space in downtown Knoxville.

    Property size:
    3,600 SF
    Lot size:
    0.08 Acres

    Property Features for 706 S Gay St

    General Information

    Size
    3,600 SF
    Lot size
    0.08 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 Retail/Restaurant/Office Space

    This retail, restaurant, or office space offers 3,600 square feet on the main level and second story, with an additional 3,600-square-foot basement level. The first-floor rental rate is $32 per square foot NNN, while the basement is offered at $18 per square foot NNN. Renting both the first and second floors together is available at $30 per square foot NNN. The space is delivered as a warm vanilla box. Located near Market Square and the Gay Street Retail Corridor, the property benefits from nearby retail establishments such as Bijou Theater, Tennessee Theater, Hilton Knoxville, Embassy Suites, Café 4, and Chesapeake’s. Traffic counts are 28,673 on Henley Street and 10,654 on Summit Hill Drive.
    Insight Report Location Intelligence

    Current Use by Public Records

    Robert J English ... 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
    -83.916675
    Latitude
    35.963123

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    FAQs

    What type of property is this?
    Retail space - 3,600 SF retail/restaurant/office space in downtown Knoxville.
    Where is this retail space located?
    The property is located at 706 S Gay St Knoxville, TN.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - High traffic counts: 28,673 on Henley Street and 10,654 on Summit Hill Drive.; - Versatile space: **3,600 sq ft main level and second story, plus a 3,600 sq ft basement.**; - Warm Vanilla Box Delivery.
    (865) 584-2000
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    706 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
    706 S Gay St Knoxville, TN 37902
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