Innovative Business Solutions LLC

Office for Sale
Catylist Listing ID: 30777520
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 14,260 SF
Gross Land Area: 1.90 Acres
Sale Price: $1,500,000
Unit Price: $105.19 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Building Name: Innovative Building Solutions
Class of Space: Class B
Usable Size (USF): 14,260 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/10/2022

Overview / Comments

Beautifully finished and spacious office including conference room, break room, kitchen, multiple bathrooms, separate entrances, ample parking and conveniently located on Brights Pike near Davy Crockett Pkwy, Shopping, Restaurants and only a short distance to I 81.

The property is Zone IB with permitted uses including Architectural Offices, Bank, Brokerage Business, Engineers, Dentists, Doctors, Drug Stores/Pharmacies, Medical Offices, Hotels, Motels and many more.

There is an additional opportunity for expansion with adjoining 11+/- acres.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Taxing Authority: Hamblen Co & City of Morristown
Tax ID/APN: 03202504612
Property Located Between: Brights Pike & Old Liberty Hill Rd
Property Visibility: Excellent
Highway Access: Davy Crockett Pkwy 25W
Airports: Morristown FBO
Area Description: Located in the one of the fastest growing areas of Hamblen Co only minutes away from three new residential developments scheduled for occupancy in 2022. Only a short distance to Technology Parkway Morristown newest Industrial Parks
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 2001
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Building is reinforced concrete, concrete slab floor, frame is masonry with Gabled Asphalt Shingles
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Interior Description: Building A in one story comprising 6,600 SF with lobby, conference room private rooms (including office and work rooms) and kitchen. Building B comprises two stories with 4158 SF first floor and a 3,502 SF second floor for a total of 7.660SF. Building B includes an open atrium lobby, as well as, an interior stairways and an elevator. Building B includes conference room, private rooms, and kitchen. An enclosed vestibule connects Building A and B
Zoning Description: Intermediate Business IB
Lot Frontage: 88 Ft
Lot Depth: 415 Ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Owned
Legal Description: Being all of lot # 1R, of the Leland Davis Property Subdivision, as shown by final plat of record in Plat Book I Plat, Page 148, in the Register's office fro Hamblen Co, TN, to which a plat specific reference is hereby made for a more particular description.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,034 23,885 43,126
Median Age: 34.57 37.95 38.65
Households: 1,553 9,403 17,042


Photograph of Listing Agent

Terry Ball

Re/Max Real Estate Ten
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