Former FMB Advertising Building- Opportunity Zone

Office for Sale
Catylist Listing ID: 30519612
Property Subtypes: Office Building
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $1,300,000
Unit Price: $288.89 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2019

Overview / Comments

Great opportunity for an owner/user to purchase a single tenant building in the historic 100 block of Gay Street in Downtown Knoxville! The property is located in the Qualified Opportunity Zone which provides an investor with some great tax benefits. 2,500 SF on the Gay Street ground level and 2,000 SF on the second level which can be entered from on Vine Avenue which makes the building easily able to subdivide into 2 tenant spaces. This is a great restaurant potential space with 2nd floor rooftop patio as a possibility. Building also includes a parking lot that butts up to the back of the building that can fit up to 8 cars. Owner/Agent

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Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094EJ031
Zoning: C-2/D-1
Property Visibility: Excellent
Area Description: On the Corner of Gay Street and Vine Avenue. The first building as you enter the 100 Block of Gay Street.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Year Renovated: 2010
Parking Type: Surface
Total Parking Spaces: 8
Zoning Description: C-2/D-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,466 87,280 152,398
Median Age: 27.37 32.21 35.26
Households: 4,567 35,550 65,039

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