Catylist ID: #30636028
Magnolia Corridor Warehouse For Sale
Industrial for Sale
Sale Pending/ContingentAlso listed as Retail-Commercial
|Catylist Listing ID:||30636028|
|Property Subtypes:||Flex Space, Mixed Use, Office Showroom, Warehouse/Distribution|
|Building Size (RSF):||4,200 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$118.81 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
Overview / Comments
Opportunity Zone - New Market Tax Credits
Opportunity Zone - Census tracts designated by State and Federal Government targeted for economic development by deferring capital gains taxes.
New Market Tax Credits - designed to increase the flow of capital to lower income and distressed communities.
Warehouse building located in the Magnolia Corridor just off Hall of Fame Drive and East Magnolia. Neighboring businesses include: Graning Paint Company, PetWellClinic (308 Randolph St), Structured Glass, Fireproof Storage (now StoreSpace), Last Days of Autumn Brewery and Marc Nelson Denim.
Building consists of approximately 4,200 SF (Buyer to verify actual square footage) separated into 2 spaces (Industrial Service Co and JoyRide Knoxville).
Industrial Service Co and all inventory included:
Space includes - 1 office, 2 bathrooms, its own entrance, 1 dock door (12' x 10'), parking on site and on street.
JoyRide Lease is month to month.
Space includes - 1 office, conference room, 2 bathrooms, its own entrance, 1 dock door (12' x 10'), parking on site and on street.
New Roof in 2017 with 20-year warranty. 11.5' ceiling height in the clear.
Attachments & Media
|Finance Data Year||2020|
|Real Estate Taxes - Annual($)||$1,325 (Annual)|
|Area Description:||Head northwest on S Hall of Fame Dr toward E Summit Hill Dr SE Turn right onto E Magnolia Ave Turn right onto Randolph St Turn right at the 1st cross street onto E Depot Ave Destination will be on the right|
|Total Number of Buildings:||1|
|Proximity:||1 mile||3 miles||5 miles|
John F. LyleColdwell Banker Commercial Wallace KAAR CIE Member
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