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    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

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    Listing Contact
    Sam Harrell
    Sam Harrell

    Listing agent Sam Harrell License #339555

    Listing office Realty Executives Associates1

    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

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Skin Care Clinic Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.919
    Latitude
    35.9671

    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
    (615) 663-2530 Call to check price and availability
    More about this property
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