Historic Emory Place Building For Sale!

Retail-Commercial for Sale
Also listed as Office, Multi-Family
Catylist Listing ID: 30840014
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 19,172 SF
Gross Building Area: See Agent
Sale Price: $3,550,000
Unit Price: $185.17 PSF
Property Use Type: Investment, Business
Building Name: 16 Emory Place
Sale Terms: Cash to Seller
Last Updated: 6/1/2023

Overview / Comments

Built in the early 1920's, 16 Emory Place is located at the front door of Knoxville's Historic North Knoxville and Emory Place neighborhoods. Rising three stories above Emory, this property was built to last, and it remains in great shape today!

In 2017 the building was fully renovated by the current owner. The renovation transformed the top floor into two residential condominiums. The Penthouse of which must be one of downtown Knoxville's most beautiful homes! The first and second floors were also renovated, but they maintained their preexisting office use. The renovation focused on maintaining the buildings historic charm and character while infusing a modern vibe. The Penthouse condominium on the top floor is approximately 3,000 square feet. It features two gas fireplaces, wood floors throughout, gas cooking, a roof top living area and outdoor patio, lofty ceilings, 3 bedrooms, 3.5 bathrooms, and more! The roof top deck features 360-degree views of downtown Knoxville, the Smokey Mountains, and the historic neighborhoods of Old North and 4th & Gill. The interior was professionally decorated and is turnkey, ready for your nightly rental or your personal oasis!

So much to talk about here! The building is 100% leased. Call the agent for more details and to set up a showing!

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville, Knox County
Tax ID/APN: 094DM00400B
Zoning: DK-E
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: N. Broadway and Central Street
Property Visibility: Excellent
Largest Nearby Street: N. Broadway
Site Description: The building sits at the corner of Gay Street, Emory Place, and King Street. It is a zero lot line building, but this sale includes a parking lot located directly behind the building on King Street.
Area Description: Old North Knoxville is a neighborhood in Knoxville, Tennessee, United States, located just north of the city's downtown area. Initially established as the town of North Knoxville in 1889, the area was a prominent suburb for Knoxville's upper middle and professional classes until the 1950s. After a period of decline, preservationists began restoring many of the neighborhood's houses in the 1980s. In 1992, over 400 houses and secondary structures in the neighborhood were added to the National Register of Historic Places as the Old North Knoxville Historic District. The Emory Place Historic District is located at the front edge of Old North Knoxville. The district consists of several commercial, residential, religious, and public buildings that developed around a late nineteenth century train and trolley station. The district was listed on the National Register of Historic Places in 1994. The Emory Place Historic District is situated around a triangular-shaped area created by the intersections of Broadway and Central Street on the north, Broadway and Fifth Avenue on the southwest, and Central and Fifth on the southeast.[1] Interstate 40 and the Southern Railway tracks divide the district from downtown Knoxville to the south. The Fourth and Gill neighborhood lies to the north, and Old Gray Cemetery lies opposite Broadway to the west. Emory Place itself is a cross street connecting Central and Broadway. The street was once a wide avenue, much of which has been converted into parking space. Gay Street, downtown Knoxville's main thoroughfare, traverses the Emory Place Historic District, and terminates at Emory Place.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 4,217 SF
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Property includes a parking lot located behind the building on King Street!! Ask Agent for more details. There is public parking, and other for-rent options, generally available in the area.
Zoning Description: The DK Downtown Knoxville Zoning District is intended to accommodate the unique conditions of downtown Knoxville. Multiple subdistricts are established within the DK District, each focused on a variation of the form and activity that occurs within the downtown area. Though the subdistricts contain controls tailored to specific areas of downtown, they are linked through a focus on encouraging the creation of mixed-use development, and enhancing the existing character of downtown as a vibrant, pedestrian-friendly, regionally significant commercial and cultural center.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,468 89,972 156,794
Median Age: 29.9 32.39 35.12
Households: 5,482 36,742 66,907

Contact

Photograph of Listing Agent

Daniel Odle

Lawler-Wood, LLC KAAR CIE Member
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