Downtown Knoxville Retail Buildings For
For Lease
Contact for pricing
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 Market293
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 us- Floor
- 1
- Size
- 1,924 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
716 - 718 S Gay St $26/SF/Yr
- 3,818 SF: First Floor 1,924 SF; Basement 1,894 SF
- $26 PSF NNN for both units
-...
show more
Contact us
- Floor
- Basement
- Size
- 1,894 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
716 - 718 S Gay St $26/SF/Yr
- 3,818 SF: First Floor 1,924 SF; Basement 1,894 SF
- $26 PSF NNN for both units
-...
show more
Contact us
Listing Agency:
Oliver Smith Realty & Development Company
(865) 584-2000
Listed By:
Will Sims
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 9
Last Checked: Sep 13 at 5:30AM
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
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
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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
$22.67 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
3,231 SF
Avg Space Size
This space is priced 15% above the average of $22.67 /SF/Yr.
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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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
