Spaces For Lease

at 418 South Gay St Contact us

Prime, Spacious Gay St Suite for Lease $25/SF/Yr

Floor

2

Size

3,334 SF

Type

OFFICE

Lease Type

GROSS

Availability

AVAILABLE

An excellent Modern Creative Office Space in the Heart of Downtown Knoxville! Second-Floor... Suite | Floor-to-Ceiling Windows | Iconic Phoenix Building on Gay Street Looking for a stylish, centrally located space to grow your startup or creative business? Or are you ready to give your law, architecture, finance, counseling, or professional services firm a fresh, standout address? This rare second-floor suite in the historic Phoenix Building offers the ideal blend of timeless character and modern functionality—perched above the beloved Phoenix Pharmacy & Soda Fountain on Knoxville’s most dynamic street: Gay Street. Suite previously improved as a pharmacy lab and currently has clean room, compounding hood, mechanical equipment and administrative offices in place. Owner will remodel to accommodate tenant needs! Why Creative Teams Thrive Here: Vast floor-to-ceiling windows + high ceilings = all-day natural light Refinished hardwood floors paired with exposed brick and an open-concept layout combine history with luxury. Spacious flexible space with 3,334 SF available, up to 4,150 SF including the conference room. Dedicated reception area and lounge to welcome clients and guests Private in-suite restrooms, guest restrooms, and a conference room for strategy sessions and client meetings. Prime Location + Built-In Community: Step outside to coffee shops, restaurants, bars, and theaters—everything downtown Knoxville has to offer is just steps away Street parking out front + rear access to a public lot—convenient for your team and your clients. Tenant responsible for Janitorial and normal interior maintenance. A standout address that helps you attract talent, impress clients, and stay inspired The Phoenix Building Vibe: Local. Creative. Connected. Join a community of innovative businesses. “The finest building of the whole is the Phoenix…” — William Rule, Founder of The Knoxville Journal Now Leasing – Schedule Your Private Tour Today Take your business to the next level in one of Knoxville’s most iconic and inspiring spaces.

show more

Contact us

Listing Agency: Mike Fuller Realty & Company m***@holrob.com Show Phone

Listed By: Michael Fuller · License #278541 Show Phone

Source: Moodyscre

Added: Nov 25, 2025 Changed: Aug 15 Last Checked: Aug 23 at 4:24AM

Report an Issue

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

Property Profile

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 Pet Grooming Service Locksmith Carpet & Flooring 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

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,381

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Knoxville, TN

$20.93 /SF/Yr

Avg Asking Price

$11.5–$28 /SF/Yr

Price Range

5,285 SF

Avg Space Size

This space is priced 19% above the average of $20.93 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Rent Nearby

Flex Space with Dock Doors

10337 Yellow Pine Lane, Knoxville, TN 37932

$13 SF/Yr

7,200 sqft

View details

Professional Office Suite with Conference Room

105-106 Legacy View Way, Knoxville, TN 37918

$19 SF/Yr

2,619 sqft

View details

Retail Suite with ADA Restrooms

1503-1505 Downtown West Blvd, Knoxville, TN 37919

$17 SF/Yr

2,699 sqft

View details

Freestanding Retail Building

208 Advantage Place, Knoxville, TN 37922

$16,200/Mo

5,720 sqft

View details

Second-Story Office Suite

5204 Kingston Pike, Knoxville, TN 37919

$20 SF/Yr

1,663 sqft

View details

Warehouse with Conditioned Office

4313 Papermill Drive Northwest, Knoxville, TN 37909

$15 SF/Yr

4,847 sqft

View details

Dental-Tailored Medical Office Suite

11125 Parkside Dr, Knoxville, TN 37934

$32 SF/Yr

2,500 sqft

View details

Office Suite with Expansive Windows

620 Mabry Hood Road Northwest Suite 301, Knoxville, TN 37932

$22.50 SF/Yr

4,500 sqft

View details

Medical Office Suites Available

2606 Greenway Drive, Knoxville, TN 37918

$18 SF/Yr

6,000 sqft

View details

Flex Office-Warehouse with Fenced Yard

1640 Island Home Ave, Knoxville, TN 37920

$11.50 SF/Yr

21,952 sqft

View details

General Industrial Warehouse Space

3353 Rudy Street, Knoxville, TN 37921

$10 SF/Yr

2,480 sqft

View details

Downtown Knoxville Retail Space Available

201 W 5th Ave, Knoxville, TN 37917

$20 SF/Yr

3,850 sqft

View details

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 is the lease rate?

The lease rate is $25 SF/Yr.

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.