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Historic Office Space on Gay
For Lease
$25 SF/Yr

424 S Gay Street, Knoxville, TN 37902

7,700 SF office space in downtown Knoxville landmark.

Space Size7,700 SF
Property Size52,000 SF
Days on Market163

Property Features for 424 S Gay Street

General Information

Standard status Active
Size 7,700 SF
Class A
Property subtype Office
Lease Term MG

Building Details

Building Size 52,000 SF
Year Built 1905

Spaces For Lease

at 424 S Gay Street Contact us

424 S. Gay Street $25/SF/Yr

Size
7,700 SF
Type
Creative/Loft
Term
Negotiable
Contact us
Listing Agency: SVN I Wood Properties
Listed By: Taylor Thompson
Source: Svn
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 15 at 4:32AM

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 SVN I Wood Properties

Investment Insights

Based on property information with market context.

Office space is available for lease within the historic Woodruff’s Building, a prominent landmark located at 424 S. Gay Street in downtown Knoxville. Suite 200 offers 7,700 square feet of built-out office space. The suite features large windows that overlook Gay Street, providing abundant natural light. The space includes a kitchenette, a large storage area, and an elevator-presence lobby. Parking arrangements are available for discussion.

Key Highlights

  • 7,700 SF of office space in a prime downtown location.
  • Located in the historic Woodruff's Building, an iconic landmark.
  • Large windows with views of S. Gay Street.

Property Analytics

Current Use

Woodruff Brewing Co Production Facility Downtown Grill & Brewery Bar & Pub Mc Cord David ... Law Firm Davis William W Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Carpet & Flooring Store Cosmetic 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

Demographics for 37902, TN

2,479
Population
1,908
Households
1.3
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
6,198
Density / Sq Mi
$56,397
Median Household Income
$50,471
Median Earnings
$1,322
Median Rent
$570,700
Median Home Value

Market

Lease Benchmarks for Knoxville, TN

$19.71 /SF/Yr
Avg Asking Price
$9–$28 /SF/Yr
Price Range
6,205 SF
Avg Space Size

This space is priced 27% above the average of $19.71 /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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - 7,700 SF office space in downtown Knoxville landmark.
Where is this office units located?
The property is located at 424 S Gay Street Knoxville, TN.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 7,700 SF of office space in a prime downtown location.; Located in the historic Woodruff's Building, an iconic landmark.; Large windows with views of S. Gay Street.
More about this property
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