308 S Gay St Knoxville, TN 37902
Prime downtown parcel for high-intensity, mixed-use development.
Type:Land
Lot size:
0.22 Acres- Added:
- Feb 5, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 308 S Gay St
General Information
- Standard status
- Active
- Lot size
- 0.22 Acres
- Property subtype
- Land
Listing agent Sam Harrell License #TN 339555
Listing office Realty Executives Associates (615) 663-2530
Listing date Feb 5, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Associates
Overview
Downtown Knoxville Development Opportunity
Located at 308 S Gay Street in Knoxville, this approximately 0.2174-acre parcel presents a development opportunity within the city's active downtown corridor. The site is situated adjacent to 304 S Gay Street, surrounded by established retail, dining, and cultural destinations. Zoned DK-G (Downtown Knoxville – Grid Subdistrict), the property benefits from a flexible framework that encourages high-intensity, mixed-use, and pedestrian-oriented development. The owner provides three different concept designs from local architecture firms, along with a Phase 1 ESA, ALTA survey, and utility maps. The adjacent property at 304 S Gay Street, which is not included in the sale but could be purchased separately, features over 10,000 square feet of luxury residence and a 1,200-square-foot commercial tenant at street level. It includes private garage parking, elevator access, and restored historic details, with two interior stairwells that could provide efficiencies for future subdivision or connection to adjoining development. Both properties are located in an Opportunity Zone.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.91903
- Latitude
- 35.967102
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Prime downtown parcel for high-intensity, mixed-use development.
Where is this commercial land located?
The property is located at 308 S Gay St Knoxville, TN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime downtown location on S Gay Street in Knoxville's most active corridor, surrounded by retail, dining, and cultural destinations.; Flexible DK‑G zoning allowing for high‑intensity, mixed‑use, and pedestrian‑oriented development.; Includes concept designs from prominent local architecture firms, Phase 1 ESA, ALTA survey, and utility maps.
