Rare Gay St Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 30423320
Property Subtypes: Office Building
Building Size (RSF): 8,650 SF
Gross Building Area: See Agent
Sale Price: $865,000
Unit Price: $100 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2019

Overview / Comments

706 S Gay is one of the last remaining undeveloped buildings in Downtown Knoxville, since the submarket's major, ongoing renaissance. The building is a likely mixed use redevelopment with apartments or condos on the second floor and commercial space on the first floor and basement. High ceilings, brick walls, hardwood floors and a Gay Street address make this a highly desirable opportunity.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 095IF027
Zoning: C‐2/D‐1
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1988

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,891 83,572 147,827
Median Age: 25.87 32.17 35.13
Households: 5,817 33,504 63,088


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