West Knoxville Office Space for Sale

Office for Sale
Catylist Listing ID: 30793876
Property Subtypes: Business Park, Office Building
Building Size (RSF): 5,664 SF
Gross Building Area: See Agent
Gross Land Area: 1.83 Acres
Sale Price: $1,500,000
Unit Price: $264.83 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2022

Overview / Comments

Built in 1997, this building has had one owner and one tenant. The Pitts & Lake firm is well known as one of the region's finest intellectual property firms.

The building's layout includes 7 private offices on the 1st floor along with 2 large conference rooms, reception, kitchen, and restrooms. The 2nd floor includes 5 private offices, bullpen area, and restrooms.

An added benefit to the property is the ability to expand the building. Several options are available that would provide for an additional 2700 SF of office space to be added to the building.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 106DA00803
Zoning: O
Property Located Between: Middlebrook/Old Weisgarber
Property Visibility: Excellent
Highway Access: I-40/I-75 only 1.1 miles away.
Airports: McGhee Tyson Airport (19 minutes)
Area Description: The Middlebrook Pike corridor is going through a major expansion phase with the growth of Dowell Springs medical park. This building is located at one of two entrances to the park. The submarket has seen significant growth across a variety of property types including office (8.5% vacancy), industrial (3.7% vacancy) and medical. The area provides easy access to both I-40/75 (1.1 miles away) and I-640 (3 miles away) as well as easy reach to both the Bearden, Downtown and West Hills submarkets.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1997
Construction/Siding: Brick
Parking Ratio: 4.4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 25
Interior Description: 7 private offices on the 1st floor along with 2 large conference rooms, reception, kitchen, and restrooms. The 2nd floor includes 5 private offices, bullpen area, and restrooms.
Zoning Description: Office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,343 69,033 169,225
Median Age: 31.08 35.48 35.4
Households: 2,997 31,459 71,204

Contact

Photograph of Listing Agent

Justin Cazana

Avison Young KAAR CIE Member
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