418 South Gay St, Knoxville, TN 37902
- Commercial real estate
- 7,136 SF
Current Use by Public Records
- Christopher Robin Arts / Art Gallery / Art Studio
- Valley Medical Downtown / Medical Clinic
- Protein Discovery / Medical Laboratory
- Caleb Selby / Pharmacy
- Phoenix Pharmacy (drug store) / Pharmacy
Property Details for 418 South Gay St
- Property type
- Commercial real estate
- APN
- 095IA035
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 10, 2026 | $539,000 | Benjamin Mayes | Scott Edward Sullivan | Warranty Deed | — |
| Jan 27, 2026 | $416,250 | Janet L Mckinley Revocable Trust | Robert E Pitts | Warranty Deed | — |
| Aug 1, 2025 | — | Gerald Lowe | — | Deed · related | $489k · Vellum Mortgage LLC |
| May 22, 2025 | $1,350,000 | Rebel Properties LLC | Phoenix Property Management LLC | Warranty Deed | — |
| Dec 15, 2023 | $507,000 | Amie J Hacker | Randall R Powers | Warranty Deed | — |
| Aug 2, 2023 | $660,275 | Gerald Charles Lowe | Vicky Lynn Russell | Warranty Deed | $396k · Vellum Mortgage LLC |
| Aug 19, 2022 | $720,000 | Christopher Dane Bradshaw | Jason Green | Warranty Deed | — |
| Jun 16, 2022 | — | Kevin S Dolin | — | Deed · related | $200k · Firstbank |
| Feb 22, 2022 | — | Mona L Blanton Kitts | — | Deed · related | $2.2M · Rocket Mortgage LLC |
| Jul 27, 2021 | $282,000 | Robert Zachary Taylor | Robert E Taylor | Warranty Deed · related | $226k · Everett Financial INC |
| Jan 25, 2021 | — | Scott Sullivan | — | Deed · related | $149k · Firstbank |
| Nov 19, 2020 | — | Milton Russell | — | Deed · related | $345k · Mortgage Investors Group INC |
| Sep 10, 2020 | — | Phoenix Prop Mgmt LLC | — | Deed · related | $1.3M · Tennessee Rural Dev Fund LLC |
| Sep 3, 2020 | — | Robert Keller | — | Deed · related | $382k · Mortgage Investors Group INC |
| Mar 5, 2020 | — | Aaron Thompson | — | Deed · related | $364k · Mortgage Invtrs |
| Jan 7, 2020 | $467,500 | R Michael | Aj Moore LLC | Warranty Deed | $374k · Mortgage Invtrs |
| Oct 22, 2018 | $445,000 | Mckinley,janet L Trust | Wade,frankie E | Warranty Deed | — |
| Aug 2, 2018 | $487,500 | Jason Green | Spirits Of Kinzel Springs LLC | Warranty Deed | $484k · Pinnacle Bank |
| Apr 30, 2018 | $250,000 | Phoenix Prop Mgmt LLC | Clayton Hc INC | Grant Deed | $200k · Mountain Cmrc Bk |
| Oct 23, 2017 | — | Aaron Thompson | — | Deed · related | $213k · Mortgage Investors Group INC |
| Sep 8, 2017 | $365,000 | Aj Moore LLC | Clayton Hc INC | Grant Deed | — |
| May 8, 2017 | $410,000 | Kevin S Dolin | Durr,michael A & Mary K | Warranty Deed | — |
| Apr 25, 2017 | — | Clayton Hc INC | Clayton Bk & Trust | Quitclaim Deed · related | — |
| Feb 1, 2017 | — | Brandon S Partt | — | Deed · related | $148k · Suntrust Mortgage INC |
| Dec 29, 2016 | $307,000 | Taylor,robert E Trust | Manning,teresa | Warranty Deed | $246k · Supreme Lndg |
| Aug 11, 2016 | $435,000 | Mona L Blanton-kitts | Burns,mark A & Lorraine H | Warranty Deed | $326k · Mortgage Invtrs |
| Jun 17, 2016 | — | Jeffrey Lynn Leach | — | Deed · related | $165k · Western FCU |
| Jun 16, 2016 | — | Phoenix Property Mgmt LLC | — | Deed · related | $1.2M · Mountain Cmrc Bk |
Description
This exceptional investment opportunity presents the entire second floor of the Phoenix Building, a fully leased commercial property in the heart of downtown Knoxville, TN. Located on a bustling block of Gay Street, this 7,136 square foot space is currently configured as two commercial suites and a large common area, offering a compelling blend of old-world charm and modern amenities. The property boasts beautiful hardwood floors, high ceilings, abundant natural light from large vertical windows, and a versatile layout including private offices and open creative areas. Shared amenities include restrooms and a large conference room. Convenient monthly parking is available in a nearby lot, accessible via a rear building entrance. The DK-H zoning allows for future redevelopment possibilities, such as conversion to residential lofts. The building shares its address with several established businesses, creating a vibrant and thriving community. The asking price is $1,899,000, translating to $266.12 per square foot. The property's APN is 095IA035. Floors three through five are residential condominiums. This is a NNN lease with multiple tenants. This property offers a unique chance to acquire a well-situated, income-generating asset with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9183037
- Latitude
- 35.9658468
