Volunteer Knit Mill - 76,000 SF - Prime for Redevelopment

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30539888
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 76,000 SF
Sale Price: $1,750,000
Unit Price: $23.03 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 76,000 SF
Sale Terms: Cash to Seller
Last Updated: 10/19/2020

Overview / Comments

- 76,000 SF Industrial building
- Adjacent to Standard Knitting Mills project, Caswell Park and other redevelopment projects
- Visible to I-40 east of Downtown Knoxville, and centrally located in the MSA.
- I-G zoning

Property is on the market for the first time in over 100 years! This 76,000 SF +/- industrial property was formerly a part of Standard Knitting / Delta Apparel operations dating back to the 1890's until acquired by Volunteer Knit Apparel in 1993. The area is surrounded by redevelopment including the recently announced redevelopment of the main Standard Knitting Mills property and the Magnolia Avenue Streetscaping project by the City of Knoxville. Permitted uses under I-3 this zone include retail, service, eating and drinking establishments and brewpubs, building material sales and lumber yards, etc... The property is slated for I-G General Industrial zoning under ReCode, and rezoning for redevelopment as commercial or other mixed use would be a downzoning, Phase I and Phase II environmental analysis has been completed. Located a signalized intersection of Hall of Fame Drive at Gill Avenue near the I-40 interchange.

OPPORTUNITY ZONE PROPERTY!

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082PD016
Zoning: I-3
Property Located Between: Hall of Fame Dr. and Gill Ave.
Rail Access: Yes
Total Number of Buildings: 1
Number of Stories: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,807 88,257 149,778
Median Age: 35.79 33.09 34.82
Households: 6,003 36,323 64,060

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