Professional Office Building - Bearden Area

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30041445
Property Subtypes: Executive Suites, Medical, Flex Space, Office Building
Status: Pending
Building Size (RSF): 2,050 SF
Gross Land Area: 8,712 SF
Sale Price: $275,000
Unit Price: $134.15 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Business
Building Name: Dr. Kaufman Professional Building
Class of Space: Class B
Usable Size (USF): 2,050 SF
Core Factor: 250%
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/5/2019

Overview / Comments

1 1/2 Story Cape Style Office Building Prominently Located On Beautifully Landscaped Corner Lot at Sutherland Ave. and Forest Court. Perfectly Suited For Attorneys, Medical, CPA, Architects, Financial Services, Insurance/Real Estate. May Be Used For Hair Salon/Nail Salon, Clothing Boutique, Retail Shop, Etc. Original Structure Built In 1939. Building Renovated in 1984 & New Rear Addition (Conference Room & Filing Room) Added In 1986 (240 SF)

Beautiful Refinished Hardwood Floors In Reception Room, Hallway To Administrative Office (Hardwood Floors) & Large Filing Room. Spacious Executive Office Features Hardwood Floors, Wood Burning Masonry Fireplace & Built-In Cabinets/Shelves, 2nd Main Level Private Office Features Hardwood Floors & Built-In Bookcases, Conference Room Main Level (21' x 10'), New Berber Carpet (01/17), Kitchenette, 3rd Main Level Office Or Employees Break Room Off Kitchenette, New Berber Carpet (01/17),One-Half Bath Off Hallway.

New Hi-Efficiency Gas Furnace (12/2012), New Vinyl Siding, New Vinyl Insulated Windows/Gutters, New Shingle Roof Installed (2011), New Faux Wood "Wave" White Blinds. Completely Repainted Interior January 2017. Refinished Hardwood Flooring & New Berber Carpet Completed January 2017. New Exterior LED Lighting For Private Asphalt Paved Parking Lot Consisting of 8 Guest/Employee Parking Spaces. Outdoor Patio For Seasonal Enjoyment/Dining! 2 Additional Tandem Parking Spaces Opposite End of Building

Upstairs Features 2 Private Office Suites Featuring Vaulted Beamed Smooth Ceilings, New Berber Carpet (01/17), 2 Large Walk-In File/Storage Closet and Large One-Half Bath, Wood Laminate Floors.

Owner/Agent Will Also Lease Office Building For $1900/Month 2 Yr. Lease Minimum Plus Security Deposit * Year Round Grounds & Exterior Maintenance Provided By Landlord Including Property Taxes * Weekly Garbage Pick-up Services Provided To Tenant Free. Building Is Presently Leased To State Farm Insurance For $1800/Month.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville / Knox County
Tax ID/APN: Map 1070, Group E, Parcel 7
Zoning: C-3
Property Located Between: Kingston Pike and Sutherland Avenue
Property Visibility: Excellent
Highway Access: Interstate 40/75 at Papermill Rd. Exit. Office is located 2.5 miles off Papermill Rd. Exit Connecting To Office Via Northshore Drive And Kingston Pike.
Airports: Knoxville McGhee Tyson and Island Home Airport
Site Description: Choice Level, Wooded 2/10 Acre Corner Lot Offers Good Visibility Bordering Sutherland Avenue & Forest Court.
Area Description: Located In The Very Desirable Bearden Area of Charming Professional Office Buildings, Less Than 2 Miles From I-40/75 Papermill Road Exit. Located Less Than 4 Miles From Downtown Knoxville, County & Federal Courthouses.. City of Knoxville Pedestrian Green Way Is Located Across Street From The Property/Office Building On Sutherland Avenue.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,000 SF
Year Built: 1939
Year Renovated: 1986
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: New vinyl siding/gutters and quality vinyl insulated windows installed (2011), New asphalt shingle roof installed (2011). New hi-efficiency gas furnace installed in basement (December 2013), New Faux Wood 2" Cordless Blinds (2017), New Commode/Upstairs Bath (01/2017), New Electrical Receptacles/Switches (01/2017)
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: 10 Parking Spaces Total. New asphalt parking lot paved (2012) striped for one handicap and 7 additional spaces. 2 additional tandem parking spaces located at opposite end of building. Additional on-street parking spaces bordering grassy median at road may be used.
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Evaporative Cooler, Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3
Interior Description: Redone Interior Completed January 2017. Professionally Painted Interior (Light Repose Gray Walls, Alabaster Trim Paint), New Refinished Hardwood Floors (Jacobean Stain Color), Solid Wood Raised Panel Doors (Painted Alabaster Color), New Faux Wood 2" Blinds (01/2017), Vaulted Wood Beamed Ceilings Upstairs In 2 Private Office Suites, 2 Large One-Half Baths Plus Much More.
Zoning Description: C-3 Commercial Zoning; Professional Office, Medical, Law, CPA, Architect, Insurance, Real Estate, Related Financial Services, Retail/Wholesale Trade, Hair Salon, Day Care,
Lot Frontage: 100 Ft. Fronting Forest Court
Lot Depth: 98.15 Ft. Fronting Sutherland Ave.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Typical Road R.O.W. On Sutherland Avenue & Forest Court
Land Ownership: Phil Cobble, Agent/Owner
Legal Description: Lot 2, Forest Court, 5th Civil District, Knox County, Tennessee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,991 56,127 172,681
Median Age: 33.86 34.16 34.72
Households: 1,973 25,046 72,737


Photograph of Listing Agent

Philip E Cobble

Phil Cobble Fine Homes & Land
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