Knoxville's Largest Undeveloped Vacant Building Located in the Heart of Downtown Knoxville on its Main Commercial Corridor--Gay Street Lovely, Historic Facade Built in 1917 as a 200-Room Luxury Hotel Primed for Conversion to Residential Units or Hotel Conditional Agreement in Place with City of Knoxville to provide Parking in nearby State Street Garage Signalized Corner at Clinch Avenue Much of the Pre-Development Work has been done for a 115-Unit Apartment Development or a 190-Room Hotel - Area description: Knoxville's Downtown has seen a resurgence and renaissance in the last 10 years. The residential occupancy rate is essentially 100%, retail rates are increasing and regional/national retailers are now looking at Downtown Knoxville. Hotel/motel rates and occupancy rates are up, and real estate prices are on the rise. - Number of buildings: 1 - Building condition: Fair
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