145 Gay StKnoxville, TN 37902

This exceptional mixed-use property, located at 145 S Gay St in the heart of Downtown Knoxville, Tennessee, presents a compelling investment opportunity. The 4,650 square foot, two-story building boasts a diverse tenant mix, including two commercial tenants operating under a Net Lease (NNN) agreement, paying a combined $3,000 per month plus NNN charges, and three residential units successfully integrated into a short-term rental program. These short-term rentals are projected to generate approximately $50,000 in annual revenue per unit. The property features five parking spaces and underwent a complete renovation in 2023. With a 100% occupancy rate and a price per square foot of $591.40, this asset offers significant potential for appreciation. The building is zoned DKE and benefits from a prime corner location in a rapidly growing and highly desirable area. The commercial leases include rent bumps, providing additional income growth opportunities. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property with strong cash flow and significant upside potential. The net rentable square footage is 4,500 square feet.