Downtown Knoxville Retail Buildings For
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716-718 S Gay St, Knoxville, TN
Two adjoining buildings on Gay Street in central Downtown Knoxville.
Space Size1,894 SF - 1,924 SF
Lot Size0.16 Acres
Days on Market338
Property Features for 716-718 S Gay St
General Information
Standard status
Active
Size
1,894 SF - 1,924 SF
Lot size
0.16 Acres
Property subtype
RETAIL
Lease Type
NNN
Spaces For Lease
at 716-718 S Gay St Contact us716 - 718 S Gay St $26/SF/Yr
Floor
1
Size
1,924 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 3,818 SF: First Floor 1,924 SF; Basement 1,894 SF
- $26 PSF NNN for both units
- Estimated NNN: $5 PSF
- Located on the vibrant Gay Street Main Retail Corridor
- Immediate access to I-40/75 interchange
- Retail Nearby: Lilou, The Kennedy, Tupelo Honey Café, Embassy Suites, Tennessee Theater, Market Square, Bijou Theater, Calhoun’s, University of Tennessee
Contact us 716 - 718 S Gay St $26/SF/Yr
Floor
Basement
Size
1,894 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 3,818 SF: First Floor 1,924 SF; Basement 1,894 SF
- $26 PSF NNN for both units
- Estimated NNN: $5 PSF
- Located on the vibrant Gay Street Main Retail Corridor
- Immediate access to I-40/75 interchange
- Retail Nearby: Lilou, The Kennedy, Tupelo Honey Café, Embassy Suites, Tennessee Theater, Market Square, Bijou Theater, Calhoun’s, University of Tennessee
Contact us
Listing Agency:
Oliver Smith Realty & Development Company
(865) 584-2000
Listed By:
Will Sims
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Oct 28 at 7:43AM
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 Oliver Smith Realty & Development Company
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Investment Insights
Based on property information with market context.
This offering presents the opportunity to purchase two adjoining buildings encompassing 18,500 square feet. Situated on Gay Street in Downtown Knoxville, the location is near parking facilities, the courthouse, Market Square, and various other downtown attractions. Traffic counts near the property are: Henley Street 28,358; Western Ave 15,761; W Summit Hill Drive 13,291. Retailers nearby include Market Square, Calhoun’s, Kroger, and Dunkin Donuts.
Key Highlights
- Prime Downtown location on Gay Street
- Substantial 18,500 sq. ft. property
- Unique opportunity to purchase two adjoining buildings
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,227
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Knoxville, TN
$23.2 /SF/Yr
Avg Asking Price
$10–$32 /SF/Yr
Price Range
3,405 SF
Avg Space Size
This space is priced 12% above the average of $23.2 /SF/Yr.
Vacancy Rate% for Retail in Knoxville, TN
Frequently Asked Questions
What type of property is this?
Retail space - Two adjoining buildings on Gay Street in central Downtown Knoxville.
Where is this retail space located?
The property is located at 716-718 S Gay St Knoxville, TN.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Prime Downtown location on Gay Street; Substantial 18,500 sq. ft. property; Unique opportunity to purchase two adjoining buildings
