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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Kimberly Hazel

Realty Works KAAR CIE Member
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