First-Class Downtown Knoxville Restaurant/Retail for Lease

Retail-Commercial for Lease
Catylist Listing ID: 30509523
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 4,096 SF
Gross Building Area: See Agent
Lease Rate: $26 PSF (Annual)
Base Monthly Rent: $8,874
Lease Types: NNN
Ceiling: 16 ft.
In Opportunity Zone? Yes
Building Name: Cal Johnson Building
Usable Size (USF): 4,092 SF
LEED Certified: Yes
Last Updated: 10/25/2019

Overview / Comments

The Cal Johnson Building ground floor is purpose-built as a clean canvas for a 4,092 square-foot restaurant. The tenant will start with a finished shell with ceiling heights of 16+ feet. The space is equipped with new grease interceptors, ample electric power and gas, and all utilities, including life safety. The HVAC units have been sized for restaurant capacity and will be delivered with the space; some supplementation might be necessary, depending on use. The kitchen can be positioned in the space in a variety of different ways, and the entire building is ADA compliant. A TI allowance is available under certain circumstances.

This historic property is located between Gay Street, Market Square, and the Old City, in the midst of an already-thriving and still-growing residential area of downtown Knoxville. The entire area is a regional destination. Foot traffic is excellent. Gay Street is right around the corner; is downtown's major artery and home to hotels, entertainment and shopping venues; and carries the main flow of Knoxville's inimitable downtown vibe.

The building has an incredible history, and Cal Johnson's is a singular Knoxville story. Born into slavery, through ambition, grit, imagination, skill, and vision, he would ultimately become the wealthiest African-American in Tennessee. He developed and owned quite a bit of real estate here in Knoxville, but this particular structure, dated to 1898, is the only building remaining of Mr. Johnson's brick and mortar legacy. Its historic rehab is happening right now.

If you're a proven restaurateur with a desire to bring your concept and energy into the heart of downtown Knoxville, we're offering you the opportunity to make your vision come alive in one of the most significant historic buildings in Knoxville. The Cal Johnson Building is thus offered for your consideration. We'll update this listing frequently.

Expand All Available Space

Suite: First Floor 4,096 SF $26 PSF (Annual) NNN
Level/Floor: 1
Space Available: 4,096 SF
Lease Rate: $26 PSF (Annual)
$8,874 (Monthly)
Lease Type: NNN
Space Description: Offered is an opportunity to lease 4,096sf of prime restaurant space in the historic Cal Johnson Building in downtown Knoxville. This significant piece of Knoxville's history is currently undergoing restoration, and its ground floor is purpose-built to be the perfect blank canvas for a visionary, proven restaurateur.

Date Available: 4/1/2020
Lease Term: 120 Months
Space Type: New

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville TN + Knox County TN
Tax ID/APN: 095IA004
Zoning: C-2/H-1
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: Union Avenue and Commerce Avenue in Downtown Knoxville
Property Visibility: Excellent
Largest Nearby Street: Gay Street
Feet of Frontage: 40
Highway Access: Easy and excellent access to the Interstate via James White Parkway (0.4mi).
Airports: TYS (18 minutes) + Island Home (10 minutes)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The building's original use was industrial, and the space will reflect that origin. The interior will show the original, unpainted masonry (brick) walls, concrete floor, and finished ceiling. Exposed timber posts at intervals and heavy structural steel will be evident on the ground floor.
Zoning Description: C-2 central business district: "This district, with complementary office, medical, civic, residential, and historical areas, forms the metropolitan center for commercial, financial, professional, governmental, and cultural activities. The intent here is to protect and improve the central business district for the performance of its primary functions. In addition, uses are discouraged which do not require a central location or would create friction in the performance of functions that should be centralized." H-1 historic overlay district: "This district in intended to preserve and protect historic structures and areas which serve as visible reminders of the history and cultural heritage of the City of Knoxville, State of Tennessee and the United States...Through this district, historic structures and areas of sufficient historical or architectural significance are designated for public protection. It is the intent of this district to regulate the construction, repair, alteration, rehabilitation, relocation or demolition of any building or other structure which is located or proposed to be located in an H-1 historic overlay district..." Overview excerpts from https://recodeknoxville.com/library/current-code-and-zoning-districts/
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,330 86,494 150,557
Median Age: 25.49 32.24 35.1
Households: 5,522 35,221 64,401
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