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.
|
|
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. |
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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