Moody Avenue-$62,000 + Annual Income

Office for Sale
Sale Pending
Catylist Listing ID: 30418729
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 7,686 SF
Gross Land Area: 0.73 Acres
Sale Price: $495,000
Unit Price: $64.40 PSF
Property Use Type: Vacant/Owner-User
Building Name: 201 E. Moody Avenue
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2020

Overview / Comments

This property offers outstanding curbside exposure, the convenience of being minutes from downtown via Chapman Highway and the interstate via James White Parkway, free parking and multiple size space opportunities, all at an affordable price.

The property currently has income of $62,000 ++ annually with 2 spaces left to lease, offering additional income potential or an ideal spot for an owner/user who would like office space plus rental income.

Expenses run approximately $10,000 annually.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 109JJ021
Zoning: C-3
Property Located Between: East Moody Avenue & Hedgeapple Lane
Property Visibility: Excellent
Site Description: Excellent location and outstanding street exposure. One level 1000 sq ft +/- Suites. Parallel frontage to Moody Avenue offers 17,000 plus cars a day exposure. Mostly level and above street grade adds to the exposure. Signage available.
Area Description: Chapman Hwy area
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1997
Exterior Description: Brick and Stucco-Dryvit
Parking Ratio: 3.9 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 30
Internet Access: Cable
Interior Description: Various per suite. Contemporary Class B office finishes.
Lot Frontage: 235
Lot Depth: 106

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,991 58,485 127,583
Median Age: 30.78 31.77 34.86
Households: 3,475 22,956 53,497


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