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    29 Market Sq Knoxville, TN 37902

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    For Sale
    $3,800,000

    Mixed-use building with retail, office, and residential spaces.

    Property size:
    10,089 SF
    Lot size:
    0.06 Acres

    Property Features for 29 Market Sq

    General Information

    Size
    10,089 SF
    Lot size
    0.06 Acres

    Source: Hatcher-Hill Brokerage, LLC Agent Mary Katherine Wormsley

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

    Overview

    Market Square Mixed-Use Building

    This mixed-use building features a total area of approximately 10,089 square feet. The first floor is currently leased to Proper Popcorn. The second floor is available for lease to an office tenant or could be converted to additional living spaces. Floors three and four house a total of three apartments. Tenants can enjoy a rooftop deck and patio. The building includes a 2,242 square foot basement, which is currently used for storage. The property is located on Market Square in Knoxville, TN.
    Insight Report Location Intelligence

    Current Use by Public Records

    TAC Insight Software Company Proper Popcorn Popcorn Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.92021
    Latitude
    35.965469

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    FAQs

    What type of property is this?
    Retail space - Mixed-use building with retail, office, and residential spaces.
    Where is this retail space located?
    The property is located at 29 Market Sq Knoxville, TN.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Leased first floor provides immediate income stream from Proper Popcorn.; - Potential for additional income from leasing the second floor as office space.; - Opportunity to convert the second floor into additional living spaces.
    (865) 332-7822
    Request Owner's contact information
    29 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
    29 Market Sq Knoxville, TN 37902
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