423-440-9450
900 S Gay St, Knoxville, TN for Sale
Office - FOR SALE
1/25
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900 S Gay St
Knoxville, TN 37902
Downtown Knoxville


HIGHLIGHTS

  • Downtown Knoxville’s Youngest Office Building: Landmark Class A office building in Downtown Knoxville
  • Best-in-Market Design & Experience: Floor-to-ceiling glass, strong architectural presence, and panoramic views set the standard for Class A space
  • Strong Tenant Loyalty: Most tenants have occupied Riverview for 15+ years
  • High and Rising Occupancy: Currently 96% occupied, with active prospects on half of remaining vacancies
  • Market-Leading Rents: Long term tenants, renewal rates increasing nearly 20% over the last 5 years

OVERVIEW

SVN | Wood Properties is pleased to exclusively present the rare opportunity to acquire Riverview Tower together with the Riverview Parking Garage—two premier, income-producing Class A assets located in the heart of Downtown Knoxville, Tennessee. Constructed in 1985, Riverview Tower is the newest and youngest high-rise office building in Downtown Knoxville—a 23-story, 334,197 RSF institutional-grade tower prominently positioned along 900 S. Gay Street, the city’s premier commercial corridor. Its signature curved green-glass façade, floor-to-ceiling windows, and marble lobby create a distinct Class A presence with panoramic views of the Tennessee River, the downtown skyline, and the Smoky Mountains. The building is currently 96% leased and anchored by a roster of long-standing, creditworthy tenants including Truist Bank, CGI Federal, Lewis Thomason, Egerton McAfee, Woolf McClane, and additional leading financial, legal, and technology firms. With high tenant satisfaction, long-term occupancy, and renewal rates increasing nearly 20% over the past 5 years, Riverview Tower offers investors an increasing income stream with minimal near-term rollover. Also included in the offering is the Riverview Parking Garage, a multi-level, privately owned structured parking facility directly connected to the tower yet fully functional as an independent revenue-generating asset. In a downtown market where demand for parking far exceeds supply— and with monthly and daily rates continuing to rise—the garage represents a high-value, long-term parking income opportunity seldom available in Knoxville’s urban core. Strategically positioned along Gay Street, Riverview Tower provides unmatched walkability to the burgeoning South Knoxville Waterfront and Urban Wilderness, as well as Market Square, the Historic Old City, World’s Fair Park, Downtown restaurants and retail, and the University of Tennessee. The property also benefits from exceptional regional connectivity, located just minutes from I-40 / I-75 (200,000+ VPD in the downtown segment), with convenient access to I-640 and SR 158, enabling seamless travel throughout the region. As Downtown Knoxville experiences unprecedented revitalization—with new residential, hospitality, and mixed-use development reshaping the market—Riverview Tower and the Riverview Parking Garage stand as irreplaceable core assets, offering durable in-place income, dual revenue streams, and long-term appreciation potential.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Class A Office Tower in Downtown Knoxville

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

23

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

600

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

DK-G

APN/PARCEL ID

095ID-006

ASK ABOUT THIS PROPERTY

Taylor ThompsonSVN | Wood PropertiesMore Info
423-440-9450

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Taylor ThompsonSVN | Wood PropertiesMore Info
423-440-9450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.