Commercial Office in Historic Regas Building

Office for Lease
Catylist Listing ID: 30856446
Property Subtypes: Coworking, Mixed Use, Office Building
Contiguous Space: 1,755 SF
Gross Building Area: 27,112 SF
Lease Rate: $17 - 19 PSF (Annual)
Base Monthly Rent: $2,486 - 2,778
Lease Types: Full Service
In Opportunity Zone? Yes
Building Name: The Regas Building
Last Updated: 12/6/2023

Overview / Comments

Private office space for lease on the ground floor of the beautifully restored Regas Building. The space consists of one large, open office that is roughly 1,455 square feet and an additional 300 square foot office directly across a common hallway from the larger space. Attached to the smaller area is also a small storage closet. The Regas Building is a mixed-use building filled with a handful of non-profit organizations, with Potchke Deli being the stand-alone retail tenant. Due to the tenant mix, a smaller not for profit entity would feel right at home and have a rare opportunity to collaborate with like-minded groups.

Rent starts at $17/sf annually with .50 cent step-ups in subsequent years with a 3-year minimum term. Included in rent are all utilities, janitorial, and access to first-floor conference rooms, totaling roughly 4,500sf. Conference rooms are of various size, which would allow a tenant the ability to reserve based on their needs for each specific gathering and further lower costs by eliminating the need to build out in-suite conference areas. Additional rent consists of an internet access fee of $245/mo. Internet must be handled by the landlord and no separate contracts are allowed. The space is available immediately.

Expand All Available Space

Suite: 2 1,755 SF $17 - 19 PSF (Annual) Full Service
Space Available: 1,755 SF
Lease Rate: $17 - 19 PSF (Annual)
$2,486 - 2,778 (Monthly)
Lease Type: Full Service
Space Subcategory: Office Building
Date Available: 9/20/2023
Lease Term: 60 Months
Space Type: New
Conference Rooms: 3
Offices 2
Kitchen Yes
Rent Escalators Step-Up Lease
Rent Escalators Description .50 Cent/sf annual step-ups

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094EF001
Property Located Between: E Magnolia Avenue & N Gay Street
Property Visibility: Good
Area Description: Located at the end of North Gay Street directly next to I-40. Excellent location right on the edge of the downtown Central Business District.
Total Number of Buildings: 1
Number of Stories: 2
Construction/Siding: Brick
Parking Description: Ample street parking is available surrounding the building.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,310 89,401 153,448
Median Age: 27.41 32.42 35.13
Households: 5,660 36,506 65,531


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