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    7240 Kingston Pike Knoxville, TN 37919

    Sponsored
    For Lease
    $19 SF/Yr

    High-traffic shopping center, 3 spaces available

    Lot size:
    100,423 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Gallery, a prominent 100,423 square foot retail strip center in West Knoxville, presents a unique investment opportunity. Built in 1984 and situated on a 9.52-acre lot, this established center boasts 491 parking spaces, ensuring ample convenience for shoppers and tenants. Currently, three retail spaces are available, ranging from 2,902 to 3,048 square feet, ideal for a variety of businesses. The property is zoned C-H-2 and its APN is 120FB-007, located in Knox County. For over 30 years, The Gallery has thrived as a popular open-air shopping destination on Kingston Pike, Knoxville's busiest road. Its diverse tenant mix includes three restaurants, a major furniture store, specialty women's boutiques, and a sporting goods retailer, creating a strong and established customer base. This consistent high foot traffic, coupled with the center's prime location and ample parking, makes The Gallery an attractive investment prospect with significant long-term potential. The existing 26 stores demonstrate the enduring appeal and success of this well-established retail center.

    Property Features for 7240 Kingston Pike

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,423 SF
    Total Rate
    159003.08

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Suite 156
    Size
    3,048 SF
    Rate per SF
    $24
    Space
    Suite 132
    Size
    2,938 SF
    Rate per SF
    $19
    Space
    Suite 140
    Size
    2,902 SF
    Rate per SF
    $19

    HighLights

    • 100,423 SF retail strip center on 9.52 acres.
    • Multiple tenancy with three spaces available, ranging from 2,902 to 3,048 SF.
    • 491 parking spaces.
    • Built in 1984.
    • Located in Knox County, TN; APN 120FB‑007; C‑H‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amanda Carden-Mckinley Physical Therapist The Gallery of Knoxville Shopping Mall Gregory Defilippo Physical Therapist Kristi Granger Physical Therapist Dr. Victoria Baker Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0303731
    Latitude
    35.9288686

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic shopping center, 3 spaces available
    Where is this neighborhood center located?
    The property is located at 7240 Kingston Pike Knoxville, TN.
    What is the lease rate?
    The lease rate is $19-$24 SF/Yr.
    What are key features of this property?
    This property features: 100,423 SF retail strip center on 9.52 acres.; Multiple tenancy with three spaces available, ranging from 2,902 to 3,048 SF.; 491 parking spaces.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7240 Kingston Pike Knoxville, TN 37919
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