16-22 Market Sq Prime Mixed Use Space in the Heart of Downtown Proudly presented by Orel Brodt with Alliance Sotheby's International Realty. Rare Investment Opportunity in the Heart of Knoxville’s Vibrant Market Square. 16–22 Market Square is a premier mixed-use property located in the most highly trafficked area of downtown Knoxville. Currently, the building includes three retail storefronts and 11 residential units, offering immediate income potential and flexible ownership options. It is currently in the process of being updated with the following coming in the near future: Updated floor plans will include: 1. A brand-new rooftop event venue with cityscape views 2. 11 residential units ideal for short- or long-term rental income 3. 7 prime retail storefronts with built-in pedestrian visibility 4. 2 unique speakeasy-style bar/restaurant spaces in the basement 5. New elevator and modern infrastructure upgrades throughout 6. One of the most structurally sound buildings in downtown Knoxville Strategically located in Knoxville’s most iconic and walkable district, Market Square offers unrivaled foot traffic, visibility, and connectivity. Over $1 billion in public and private investment is reshaping downtown: including new stadiums, parks, bridges, and residential development driving continued demand for hospitality, retail, and urban living. Downtown property values have surged over 30% in the past five years, with mixed-use buildings in this corridor delivering exceptional ROI and low vacancy rates. Residential condominiums are currently trading between $550–$700 per square foot, highlighting both strong market demand and long-term appreciation potential. This is more than a building—it’s a cornerstone of Knoxville’s future. Architectural drawings available upon request. The property is available for purchase as-is. The current owners are actively working on architectural drawings and planning a full renovation. The layout and features described above reflect the proposed post-renovation design, and the property may also be purchased fully renovated. Pricing reflects current condition of the buildings aka current price is for "as-is." To learn more or discuss acquisition options whether it be pre- or post-renovation, please call or email.