the kress building · 2019. 3. 6. · historic gay street redevelopment the kress building property...

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THE KRESS BUILDING

Historic Gay Street Redevelopment

THE KRESS BUILDING

Property Information

Retail / Restaurant, and Office Space for Lease in Newly Renovated Kress Building, anchored by Wild Wing Café and a top-story Event Center & Rooftop Bar.

Between 2,400 and 8,393 Square Feet of Newly Renovated Second Floor Office Space—Hardwood Floors Throughout with Commanding Gay Street View.

721 Sq. Ft. Gay Street Retail / Restaurant Space with almost 20 feet of Gay Street Frontage. Perfect for a boutique concept looking for a Gay Street Storefront.

1.000 - 3,600 Sq. Ft. Basement Space with Gay Street Entrance & Elevator Access.

721 Sq. Ft. Retail Space on Gay Street may be combined with the upstairs office and/or basement space. (See Interior Layouts)

Oliver Smith Realty & Development Company 7216 Wellington Drive, Suite One

Knoxville, Tennessee 37919 (865) 584-2000

LEASE RATES Sq. Ft. Available Per Sq. Ft. / Year Monthly Base

Office Space: 2,400 - 7,500 $20 NNN* $4,000 - $12,500

Retail Space: 721 $35 NNN* $2,102.92

Basement Space: 1,000—3,600 $16 NNN* $1,350 - $4,800

NNN: TBD

Basement Level (Proposed Floorplans):

Between 1,000 and 3,500 sq. ft. available. Rental Rate: $16 / sq. ft. NNN. Space 021 (1,485 Sq. Ft) may be combined with the 721 sq. ft. Gay Street retail space. See plans below:


THE KRESS BUILDING



AVAILABLE AVAILABLE

AVAILABLE

AVAILABLE AVAILABLE

AVAILABLE


THE KRESS BUILDING



Retail Space (Proposed Floorplans):

721 sq. ft. available on Gay Street. Rental Rate: $35 / sq. ft. NNN. Space may be combined with either the upstairs office space and/or the downstairs

basement space to offer a larger floor area. See proposed plans below:

Retail Space with Office Stairway: Retail Space with Basement Stairway:

Future Wild Wing Café Space Future Wild Wing Café Space

AVAILABLE AVAILABLE

Second Story Office: (Current Floorplan)

8,393 Square Feet of Finished, Newly

Renovated Office Space. Hardwood Floors throughout with

Beautiful Views of Gay Street. Landlord will subdivide to a minimum

of 2,400 Square Feet. May be combined with street level

retail space to offer tenant Gay Street Gay Street Frontage. (See below)


THE KRESS BUILDING




THE KRESS BUILDING



Current Second Story Office Photos

Third Floor—Event Space (Current Floorplan)

8,413 Square Foot Private Event

Center with Rooftop Bar open to the Public on Weekend Nights.


THE KRESS BUILDING



LEASED

Oliver Smith Realty & Development Company, Inc 7216 Wellington Drive, Suite One


The Kress Building—417. S. Gay Street.

Built in 1925, S.H Kress & Company had more than 250 stores in the southern and western United States. No two Kress stores were alike, but each shared a few characteristics: the logo, the façade color, and façade symmetry. The Kress chain was known for the first class architecture of its buildings. The chain’s owner, Samuel H. Kress, considered his stores to be works of public art that would create lasting contributions to America’s cities.

Throughout the first half of the 20th Century Kress stores were a familiar site on “Main Street” in hundreds of cities and towns. Many former Kress stores are recognized today as architectural landmarks and are listed on the National Register of Historic Places.

Having purchased the Kress building in 2018, the new owners are excited about the prospect of restoring this historic property and allowing it to contribute once more to the content and character of Knoxville’s Gay Street and Downtown.

Current plans call for the addition of an 8,000 square foot Event Space and Rooftop Bar, 8,000 Square Feet of Newly Renovated Office Space, Street Level Retail, Wild Wing Café’s 7,500 Square Foot New Downtown Location and a 5,000 Square Foot Basement Level Res-taurant / Bar.

1925—Present

THE KRESS BUILDING


THE KRESS BUILDING



The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Oliver Smith Realty & Auction Company Inc. and should not be made available to any other per-son or entity without the written consent of Oliver Smith Realty & Auction Co. Inc. This Marketing Package has been prepared to provide summary, unverified information to prospective purchas-ers, and to establish only a preliminary level of interest in the sub-ject property. The information contained herein is not a substitute for a thorough due diligence investigation. Oliver Smith Realty & Auction Co. Inc. has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating sub-stances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Oliver Smith Realty & Auction Co. Inc. has not verified, and will not verify, any of the information contained herein, nor has Oliver Smith Realty & Auction Co. Inc. conducted any inves-tigation regarding these matters and makes no warranty or repre-sentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropri-ate measures and efforts to verify all the information set forth herein or provided by Oliver Smith Realty & Auction Co. Inc.

the kress building · 2019. 3. 6. · historic gay street redevelopment the kress building property...

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