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    625 Gay St Knoxville, TN 37902

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Downtown Location, Flexible Suites Available

    Lot size:
    91,246 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Two Centre Square, located at 625 S. Gay Street in Knoxville, Tennessee's vibrant Theater District, offers exceptional office space. This 91,246 square foot building, constructed in 1984 and renovated in 2012, provides a variety of options for businesses of all sizes. The property features traditional office spaces, executive suites, and coworking opportunities, catering to diverse needs. Currently, there are 13,167 square feet of vacant space available, with minimum divisible units of 2,063 square feet and a maximum contiguous space of 4,661 square feet. The building boasts stunning views of the Tennessee River and is conveniently situated near the City/County Building and the Howard Baker Federal Building. Its prime location in the heart of Knoxville offers easy access to amenities and a thriving downtown atmosphere. The building is in Knox County, zip code 37902, and is a multi-tenant property. This property represents a unique opportunity to establish a presence in one of Knoxville's most desirable and prestigious office locations. The building's modern amenities and central location make it an ideal choice for businesses seeking a professional and convenient workspace. The flexible space options allow for customization to meet specific business requirements.

    Property Features for 625 Gay St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    91,246 SF
    Total Rate
    148274.75

    Building Details

    Year Built/Renovated
    1984/2012

    Unit(s) available at that property

    Space
    Suite 100
    Size
    3,918 SF
    Rate per SF
    $19
    Space
    Suite 140
    Size
    2,525 SF
    Rate per SF
    $19
    Space
    Suite 450
    Size
    8,780 SF
    Rate per SF
    $20

    HighLights

    • 91,246 SF office building in Knoxville's Theater District, offering traditional office space, executive suites, and coworking options.
    • 13,167 SF of vacant space available, divisible into units from 2,063 SF to a maximum contiguous 4,661 SF.
    • Prime location in downtown Knoxville, near I‑40, the City/County Building, and the Howard Baker Federal Building, with Tennessee River views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wise & Reeves, PLLC Attorney Supreme Lending Knoxville Mortgage Lender Knoxville Tree Service Tree Service First State Small ... Banking And Finance Babytree Surrogacy Knoxville Family Planning Center

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9177658
    Latitude
    35.9637431

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    FAQs

    What type of property is this?
    Coworking space - Prime Downtown Location, Flexible Suites Available
    Where is this coworking space located?
    The property is located at 625 Gay St Knoxville, TN.
    What is the lease rate?
    The lease rate is $19-$20 SF/Yr.
    What are key features of this property?
    This property features: 91,246 SF office building in Knoxville's Theater District, offering traditional office space, executive suites, and coworking options.; 13,167 SF of vacant space available, divisible into units from 2,063 SF to a maximum contiguous 4,661 SF.; Prime location in downtown Knoxville, near I-40, the City/County Building, and the Howard Baker Federal Building, with Tennessee River views.
    Request Owner's contact information
    625 Gay St Knoxville, TN 37902
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    Knoxville, TN 37902
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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
    625 Gay St Knoxville, TN 37902
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