3 Unit Western Ave Retail/Office Center

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30657014
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 5,764 SF
Sale Price: $780,000
Unit Price: $135.32 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 5,764 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

Highly visible office space located on Western Ave. This property features 21960 ADT on Western Ave and is located across the street from grocery anchored retail.

2 units are currently rented with 1 available.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $9,143 (Annual)
Gross Operating Income $26,796 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Gillmann Services
Contact Name Gary Coile
Contact Title Owner
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Suite Number 5724
SF of Space Occupied 1,500 SF
Current Rent $1,350 PSF (Annual)
Tenant Business Name Chaffee Air
Contact Name Rex Chaffee
Contact Title Owner
Industry Type Utilities
Is Renting? Yes
Suite Number 5723
SF of Space Occupied 950 SF
Current Rent $833 PSF (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 092DB004
Zoning: C-H-2
Property Visibility: Excellent
Airports: TYS
Site Description: Well maintained office/retail with ample parking
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,724 SF
Year Built: 1970
Construction/Siding: Stucco
Parking Type: Surface
Total Parking Spaces: 18
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Office buildout
Zoning Description: C-H-2 zoning allows for a multitude of uses.
Lot Frontage: 134
Lot Depth: 151
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Parking easement with neighboring insurance office
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,658 62,090 174,090
Median Age: 36.82 34.31 34.94
Households: 2,375 27,109 73,722

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