304 and 308 S Gay Street
A historic Gay Street landmark and one of downtown Knoxville's last undeveloped parcels, side by side.
Project Overview
Downtown Knoxville continues to grow as one of East Tennessee's most active commercial, residential, and hospitality markets, and available land on Gay Street is increasingly hard to find. In 2026, Compass acquired 304 and 308 S. Gay Street: a century-old building with deep roots in Knoxville history and the vacant lot right beside it. Now both properties are on the market together, giving buyers a rare chance to preserve a piece of the city's past and help shape what comes next on Gay Street.
304 S. Gay Street | Friedman's Loft
Built in the early 1900s and once home to Max Friedman's Jewelers, Friedman's Loft is a renovated, approximately 10,000-square-foot building on historic Gay Street. Its modern façade sits over a century of Knoxville history.
308 S. Gay Street | Development Lot
At 0.217 acres, 308 S. Gay Street is one of the last remaining undeveloped sites in downtown Knoxville. Zoning supports a mix of downtown uses, which leaves room for a wide range of future projects on one of the city's most recognizable streets.
Location
Both properties are about a minute's walk from Market Square and close to downtown dining, shopping, and entertainment.
Availability
Both properties are listed with Cohl Morgan and Jeffrey Dealejandro of PWA Properties. Contact for pricing and details.
.jpg)
