145 S Gay St - Restaurant FOR SALE


Knoxville, TN 37902- Downtown Knoxville
$2,250,000 USD
703-342-9163
145 S Gay St, Knoxville, TN for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/24
null | 5.25% Cap Rate

145 S Gay St
Knoxville, TN 37902
Downtown Knoxville


HIGHLIGHTS

  • Two retail spaces and 3 AirBnb/Vrbo rental units in the heart of Downtown Knoxville Tennessee featuring Ian's Market and El Tarasco Mexican Restaurant

OVERVIEW

Completely remodeled Commercial Building in Downtown Knoxville Tennessee! Two retail spaces on the first floor and Three Airbnb/Vrbo units on the second floor. Remodeled in 2024 and just a short 3-minute walk to Market Square and the grand Tennessee Theater. Featuring a new Mexican restaurant and Quick stop mini mart on the first floor and 3 rentals on the second floor. El Tarasco Mexican Restaurant and Ian's Market rent for $3000 per month each, triple net and the 2 room overnight rental units rent for $250.00 per night with the studio apartment for $200.00 per night. All units have parking included. A large common deck on the second floor gives the renters a nice view of Downtown Knoxville and the Smoky mountains! These are perfect rentals for all home games of the Tennessee Vols and any weekend get a way!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C

APN/PARCEL ID

094EJ-031

ASK ABOUT THIS PROPERTY

Steve LarimerKnox RealtyMore Info
703-342-9163

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Steve LarimerKnox RealtyMore Info
703-342-9163

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.