Listed by Wallace Commercial
$1,175,000
211 South Central St
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,300
Price per SqFt $511
Year Built 1910
Buildings 1
Stories 2
Acreage 0.200
Investment Type Value Add
Retail | 2,300 SqFt
Marketing description
Rare Downtown Knoxville Restaurant Opportunity | Full Building Potential
Positioned in the heart of downtown Knoxville’s thriving South Central corridor, 211 S Central St offers a rare opportunity to step into a fully built-out restaurant space in one of the city’s most sought-after locations. Opportunities like this are extremely limited—especially with infrastructure, equipment, and built-in community demand already in place.
This restaurant space is ready to go, featuring existing tables, kitchen equipment, small wares, and a walk-in refrigerator and freezer—providing a streamlined path for an owner-operator or investor to bring a concept to life with minimal upfront buildout time and cost.
The location is a major driver of value. Situated just a short walk from the new Smokies Stadium, Market Square, and the Old City, this site benefits from consistent daily foot traffic, strong residential density, and a powerful regional draw. With renters and residents quite literally at the doorstep, this is a true neighborhood anchor positioned within a dense, walkable urban node.
Formerly home to Olibea, this space carries a strong local identity and following. The surrounding community continues to express demand for a vibrant, daily-use restaurant concept—creating a rare opportunity to reintroduce a beloved space back to its thriving roots.
Additional Value-Add Opportunity:
The condo above is also available for purchase, creating a unique opportunity for a full building buyout. Ideal for an owner-operator looking to control the entire asset—whether for live/work flexibility, expanded operations, or long-term investment positioning in a rapidly growing corridor.
Investment highlights
- Prime downtown Knoxville location on S Central St
- Former Olibea restaurant space with strong brand recognition
- Turnkey setup(Includes in price): tables, equipment, small wares included
- FF&E plus a walk-in refrigerator and freezer in place
- Condo above available potential full building acquisition
- Immediate proximity to Smokies Stadium, Market Square, and Old City
- Dense residential base + heavy daily foot traffic
- Walkable, high-energy corridor with continued growth and investment
- Ideal for owner-operator or investor seeking a proven location
- This is more than just a restaurant space-it's an opportunity to secure a foothold in one of Knoxville's most dynamic corridors-and potentially control the entire building in a location where opportunities rarely come available.
- Buyer to verify Sq Footage.
- Land (SF) ; 741 SF
- CALL OR EMAIL FOR OM FOR THE WHOLE BUILDING [email protected]
Listing Contacts
Listed by Wallace Commercial
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