Sevier Avenue Retail Property

Retail-Commercial for Lease
Catylist Listing ID: 30847927
Property Subtypes: Free-Standing Building
Contiguous Space: 5,112 SF
Gross Building Area: See Agent
Lease Rate: $5,112 (Monthly)
$12 PSF (Annual)
Lease Types: NNN
In Opportunity Zone? Yes
Last Updated: 12/7/2023

Overview / Comments

The historic commercial heart of the Old Sevier neighborhood is teeming with life. 808 Sevier Avenue is located ½ mile from the Gay Street Bridge and ½ mile from James White Parkway. Neighbors include Honeybee Coffee, Hi-Wire Brewing, Fly by Night Cocktail Lounge, Alliance Brewing, South Coast Pizza, and the Landing House.

The highly visible building consists of two free span structures allowing multiple configurations and uses.

Expand All Available Space

Suite: 808 5,112 SF $5,112 (Monthly) NNN
Space Available: 5,112 SF
Lease Rate: $5,112 (Monthly)
$12 PSF (Annual)
Lease Type: NNN
Space Subcategory: Free-Standing Store
Date Available: 5/1/2023
Space Type: Relet
Parking Spaces 7
Rent Escalators Description Lease rate starts at $12/sf with 10% annual escalation. Year 1 is $12.00/sf ($5,112.00/mo). Year 2 is $13.20/sf ($5,623.20/mo). Year 3 is $14.52/sf ($6,185.52/mo). Year 4 is $15.97/sf ($6,804.07/mo). Year 5 is $17.57/sf ($7,484.48/mo).

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 095PE027
Zoning: SW-3
Retail Clientele: General
Property Located Between: Chapman Hwy & James White Pkwy
Property Visibility: Good
Largest Nearby Street: Chapman Highway
Traffic/Vehicle Count: 23,883
Highway Access: 0.6 miles to Chapman Hwy 0.7 miles to James White Pkwy
Airports: McGhee Tyson
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1986
Total Parking Spaces: 7
Parking Type: Surface
Zoning Description: South Waterfront

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,621 72,617 144,145
Median Age: 27.56 31.83 35.15
Households: 4,814 28,844 61,365


Photograph of Listing Agent

Matthew DeBardelaben

Avison Young ETNRCRE Member
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