517 N Gay St, Knoxville, TN 37917

Investment Overview

Offering Price: $2,500,000

Building Size: ±20,500 SF

517 N. Gay Street offers a rare opportunity to acquire approximately 20,500 square feet of commercial space in Downtown North, one of Knoxville’s most energetic and evolving districts. The property combines a prominent Gay Street storefront with substantial showroom and warehouse space, and convenient connectivity to Downtown Knoxville and I-40.

The building sits just steps from Potchke Deli, A Dopo Pizza, Parlor Doughnuts, and the newly underway Mac on 5th development, with the Old City and Covenant Health Park nearby. The area benefits from a growing mix of dining, residential, entertainment and commercial activity, along with ample free public parking beneath the I-40 viaduct.

With its distinctive historic character, flexible DK-E zoning and large urban footprint, 517 N. Gay is well positioned for continued retail or showroom use, an owner-occupant, creative adaptive reuse or future redevelopment.

Developer does not yet hold title to the Property but is under contract. Clayton Furniture is contracted to occupy the building through 2027.