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312 S Gay St
Knoxville, TN 37902 Downtown Knoxville

$2,350,000 USD

Office Residential Condo For Sale  •  6,168 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 33,630 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1880
  • Tenancy Multiple
  • Zoning DK-H
61 Transit Score
91 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 312 Retail 6,168 SF $2,350,000 USD
  • Unit Size: 6,168 SF
  • Condo Use: Retail
  • Price: $2,350,000 USD
  • Sale Type: Investment
  • Price/SF: $381.00 USD
Description
Two commercial retail & net-lease condominiums. Located side by side, these two commercial condos make up the first floor of a recently renovated historic building in downtown Knoxville.

Sale Notes
This is a great opportunity to own a Net Leased Retail Investment in the center of downtown Knoxville. Located at the Century building, in the middle of downtown's thriving market, this location is a prime opportunity for future growth.

Being sold together, featured are two separate commercial retail condominiums that are leased by two separate restaurateurs. Those are the Humble Hog and Chivo restaurants. Chivo is well known in the local market for their Tacos and Tequila, and the BBQ at Humble Hog is outstanding. Both on long-term net leases, this opportunity is turnkey and easy to own. Give agent a call for more information.

Description 

The Century Building is a recently renovated five-story historic building. The first floor boasts two commercial retail level condominiums that are leased by two separate restaurants. The four upper floors have been renovated into residential condominiums. There are four residential condos per floor, sixteen total above the retail space. The property is full of historic charm and character. All but one of the residential condominium units have sold and the newly formed association has been turned over to its members.

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Chivo Restaurant 9/30/2027
Humble Hog Restaurant 9/30/2030

Amenities

  • Controlled Access
  • Food Service
  • Restaurant
  • Outdoor Seating
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
McGhee Tyson 30 min - 15.7 mi
Daniel Odle 865-549-7405 LawlerWood, LLC
Daniel Odle 865-549-7405 LawlerWood, LLC