Gay Street: Street-level retail/restaurant

Retail-Commercial for Lease
Catylist Listing ID: 30626455
Property Subtypes: Restaurant, Street Retail
Contiguous Space: 1,950 SF
Gross Building Area: See Agent
Lease Rate: $21 PSF (Annual)
Base Monthly Rent: $3,412
Lease Types: NNN
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Last Updated: 9/24/2020

Overview / Comments

If you are looking for heavy foot traffic and high visibility downtown, or a perfect location to establish a ghost kitchen, this is your place. Fantastic restaurant space at the corner of S. Gay and Cumberland in the heart of downtown Knoxville. Located across the street from the Bijou Theatre and a couple of blocks away from the Tennessee Theatre, and right in the middle of the most densely-built office environment in Knoxville, daytime and evening clientele is a given.

The space has been operated as a couple of different and very successful restaurants since the 1970s, and that is a good natural use of the space. It would also make an excellent street-level retail space.

The leased space is approximately 1,965sf is at the street level. There is also approximately 600sf of basement storage space directly below the leased space, available for tenant storage use at no extra charge. The front of house is around 1,123sf, and the back of house is about 842sf as currently configured. Square footage is approximate.

Expand All Available Space

Suite: 200 1,950 SF $21 PSF (Annual) NNN
Space Available: 1,950 SF
Lease Rate: $21 PSF (Annual)
$3,412 (Monthly)
Lease Type: NNN
Date Available: 8/1/2020
Space Type: New
Offices 1

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville TN + Knox County TN
Tax ID/APN: 095IF019
Zoning: DK-G
Retail Clientele: Business, Tourist, Convention
Property Visibility: Excellent
Largest Nearby Street: Gay Street
Tenancy: Single Tenant
Property Condition: Excellent
Construction/Siding: Brick
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,891 83,572 146,552
Median Age: 25.87 32.17 35.09
Households: 5,817 33,504 62,474
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