304 South Gay Street Knoxville, TN
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Two adjacent properties with historic character and development potential.
Type:HOSPITALITY
Lot size:
0.08 Acres- Added:
- Nov 5, 2025
- Days on Market:
- 174
- Last Refresh:
- Apr 5 at 8:45 pm
Property Features for 304 South Gay Street
General Information
- Standard status
- Active
- Lot size
- 0.08 Acres
- Property subtype
- HOSPITALITY
Listing agent Sam Harrell License #339555 (615) 663-2530
Listing office Realty Executives Associates1 (615) 663-2530
Listing date Nov 5, 2025
Source Moodyscre
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 Realty Executives Associates1
Overview
Downtown Knoxville Development Opportunity
Two adjacent properties on South Gay Street in Downtown Knoxville offer an exceptional opportunity. The first property, located at 304 S Gay Street, features over 10,000 square feet of luxury residence space and a 1,200 square foot commercial tenant at street level. This property includes garage parking, elevator access, and restored historic details throughout. Two interior stairwells could provide efficiencies for future subdivision or connection to adjoining development. The second property, located at 308 S Gay Street, is a 0.2174-acre development parcel zoned DK-G, supporting a wide range of downtown commercial or residential uses. The in-place zoning has no height limit. Calculations for a 10-story hotel at 70% efficiency estimate over 100 units with a gross buildable area of over 68,000 square feet. Prospective buyers should perform their own research to verify these calculations. Both properties are located in an Opportunity Zone and are available separately or together. They combine historic character, modern living, and development potential in Knoxville’s most active urban corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Ethan Long, DDS
Dental Office
Friedman's Loft
Vacation Rental
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.919
- Latitude
- 35.9671
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Two adjacent properties with historic character and development potential.
Where is this hotel located?
The property is located at 304 South Gay Street Knoxville, TN.
What is the asking price?
The asking price for this property is $7,490,000.
What are key features of this property?
This property features: Prime Downtown Knoxville Location on Gay Street; Significant Development Potential: 0.2174‑acre parcel with DK‑G zoning and no height limit; Luxury Residence: Over 10,000 SF with garage parking and elevator access
