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312 S Gay St - The Century Building 6,168 SF Retail Condo Unit Offered at $3,248,875 CAD in Knoxville, TN 37902
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Total Building Size | 33,630 SF | Typical Floor Size | 6,726 SF |
| Property Type | Office (Condo) | Year Built | 1880 |
| Property Subtype | Office/Residential | Lot Size | 0.15 AC |
| Building Class | C | Opportunity Zone |
Yes
|
| Floors | 5 | ||
| Zoning | DK-H - DK is downtown Knoxville's core zoning. It encourages mixed-use development of Residential, Office, & Retail. It is an urban zoning type. | ||
| Total Building Size | 33,630 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 6,726 SF |
| Year Built | 1880 |
| Lot Size | 0.15 AC |
| Opportunity Zone |
Yes |
| Zoning | DK-H - DK is downtown Knoxville's core zoning. It encourages mixed-use development of Residential, Office, & Retail. It is an urban zoning type. |
AMENITIES
- Controlled Access
- Food Service
- Restaurant
- Outdoor Seating
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit 312
| Unit Size | 6,168 SF | Condo Use | Retail |
| Price | $3,248,875 CAD | Sale Type | Investment |
| Price Per SF | $526.73 CAD | No. Parking Spaces | 10 |
| Unit Size | 6,168 SF |
| Price | $3,248,875 CAD |
| Price Per SF | $526.73 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 10 |
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.
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Chivo Restaurant |
-
|
September 2027
|
| Humble Hog Restaurant |
-
|
September 2030
|
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312 S Gay St - The Century Building
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