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Downtown Knoxville Creative Office Space
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418 South Gay St, Knoxville, TN 37902

Modern office space in the historic Phoenix Building on Gay Street.

Space SizeContact for details
Days on Market295

Property Features for 418 South Gay St

General Information

Standard status Active
Property subtype OFFICE

Building Details

Year Built 1910
Listing Agency: Mike Fuller Realty & Company
Listed By: Michael Fuller · License #249198
Source: Tcigroup
Added: Nov 25, 2025 Changed: Sep 8 Last Checked: Sep 16 at 12:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mike Fuller Realty & Company

Investment Insights

Based on property information with market context.

Located in the heart of downtown Knoxville, this modern creative office space is situated on the second floor of the iconic Phoenix Building on Gay Street. The suite features floor-to-ceiling windows and high ceilings, providing ample natural light. The layout includes refinished hardwood floors and an open-concept design, with four private offices or breakout rooms and a large open workspace suitable for collaboration. A dedicated reception area and lounge are available for welcoming clients and guests. The suite also includes private in-suite restrooms, guest restrooms, and a conference room. The location offers convenient access to coffee shops, restaurants, bars, and theaters. Street parking is available in front, with rear access to a public lot. The Phoenix Building is home to a community of innovative businesses, including Phoenix Pharmacy & Soda Fountain, Status Dough, Jackson Avenue Tea Company, Christopher Robin Arts, Paragon Infusion, and Valley Medical. This space is suitable for startups, creative businesses, or professional services firms.

Key Highlights

  • Prime Downtown Knoxville Location on Gay Street: Offers unparalleled access to amenities, clients, and talent.
  • Historic Phoenix Building: Provides a prestigious and inspiring address with a strong local vibe.
  • Abundant Natural Light: Floor‑to‑ceiling windows and high ceilings create a bright and productive workspace.

Property Analytics

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Current Use

Christopher Robin Arts Art Gallery Valley Medical Downtown Medical Clinic Protein Discovery Medical Laboratory Caleb Selby Pharmacy Phoenix Pharmacy (drug ... Pharmacy

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Carpet & Flooring Store Cosmetic Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,381
Businesses Nearby

Demographics for 37902, TN

2,479
Population
1,908
Households
1.3
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
6,198
Density / Sq Mi
$56,397
Median Household Income
$50,471
Median Earnings
$1,322
Median Rent
$570,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Knoxville, TN

$20.31 /SF/Yr
Avg Asking Price
$11.5–$30 /SF/Yr
Price Range
5,083 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Modern office space in the historic Phoenix Building on Gay Street.
Where is this office units located?
The property is located at 418 South Gay St Knoxville, TN.
What are key features of this property?
This property features: Prime Downtown Knoxville Location on Gay Street: Offers unparalleled access to amenities, clients, and talent.; Historic Phoenix Building: Provides a prestigious and inspiring address with a strong local vibe.; Abundant Natural Light: Floor‑to‑ceiling windows and high ceilings create a bright and productive workspace.
More about this property
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