Magnolia Ave. Multipurpose Building
Special Purpose
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30842169 |
| Status: |
Pending/Contingent |
| Building Size (RSF): |
10,942 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$699,000 |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/17/2023 |
Overview / Comments
|
Multi-Purpose use building, so MUCH opportunity in the heart of Knoxville. This incredibly historic brick building is framed with soaring Georgian columns encompassing the 2 story covered concrete porch. This piece of history on Magnolia Ave sits on 2 over sized lots touching 2 streets and totaling just at 1 acre. A large section of the land is hard top for parking and recreation. There is a fenced area and covered portico. Both of the 2 levels have drive-up loading access. As you enter the huge lobby area with soaring ceilings and tons of light you have access to the enormous sanctuary or hall and stairs leading to other sections of the building. The main level has the lobby, sanctuary, common living/ meeting or hall room, 2 other small rooms and 2 half bathrooms. On the upper level there is a 1- bedroom apartment (with current m/m tenant), with full kitchen, living room, bedroom and full bathroom; 4 other rooms and a huge 3rd sanctuary, living or meeting room. Beyond that is a back section with 3 huge rooms and now serving a commercial industrial tenant. There is another commercial space on the main back area now serving a commercial tenant. There are lovely wood floors throughout both levels. Some updating and remodel has been done over the last 10 years. Don't miss this opportunity for repurposing of one of Magnolia's finest buildings.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
082ON004 |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
10,942 SF |
| Property Condition: |
Good |
| Year Built: |
1925 |
| Year Renovated: |
1975 |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
Extra lot plus parking at building. |
| Heat Type: |
Electricity, Hot Water |
| Heat Source: |
Central, Heat Pump |
| Air Conditioning: |
Package Unit |
| Interior Description: |
Multi-Purpose use building, so MUCH opportunity in the heart of Knoxville. This incredibly historic brick building is framed with soaring Georgian columns encompassing the 2 story covered concrete porch. This piece of history on Magnolia Ave sits on 2 over sized lots touching 2 streets and totaling just at 1 acre. A large section of the land is hard top for parking and recreation. There is a fenced area and covered portico. Both of the 2 levels have drive-up loading access. As you enter the huge lobby area with soaring ceilings and tons of light you have access to the enormous sanctuary or hall and stairs leading to other sections of the building. The main level has the lobby, sanctuary, common living/ meeting or hall room, 2 other small rooms and 2 half bathrooms. On the upper level there is a 1- bedroom apartment (with current m/m tenant), with full kitchen, living room, bedroom and full bathroom; 4 other rooms and a huge 3rd sanctuary, living or meeting room. Beyond that is a back section with 3 huge rooms and now serving a commercial industrial tenant. There is another commercial space on the main back area now serving a commercial tenant. There are lovely wood floors throughout both levels. Some updating and remodel has been done over the last 10 years. Don't miss this opportunity for repurposing of one of Magnolia's finest buildings. |
| Zoning Description: |
CG2 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Grace & Peace Church |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,472 |
76,074 |
148,182 |
| Median Age: |
34.59 |
33.22 |
34.98 |
| Households: |
4,829 |
30,913 |
62,925 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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