Catylist ID:
#30821141
Mixed Use Office Healthcare/Residential opportunity
Special Purpose
for Sale
Also listed as Office, Retail-Commercial
| Catylist Listing ID: | 30821141 |
| Property Subtypes: | Health Care/Medical |
| Building Size (RSF): | 19,656 SF |
| Gross Building Area: | 20,000 SF |
| Gross Land Area: | 1.38 Acres |
| Sale Price: | $1,000,000 |
| Ceiling: | 10 ft. |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Usable Size (USF): | 19,000 SF |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/28/2023 |
Overview / Comments
|
This excellent building is a blank canvas and has been completely gutted and remediated. There is over an acre of parking lot included with the land that is within one block of the Hospital. There are three floors providing six wide open spaces that can be turned into any type of office space or a mixed use facility. This property may also make for a good multi-family residence or extended stay facility. The space is here and ready to adapt to any variation of development possibilities. There are also engineer drawings/plans available for a corporate office build out. Please call with any questions. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Hamblen |
| Submarket Type: | Central Business District |
| Taxing Authority: | Hamblen County |
| Tax ID/APN: | 032033MA00400 |
| Property Located Between: | W 3rd North Street and W North 4th Street |
| Property Visibility: | Excellent |
| Largest Nearby Street: | RT 11E/W Morris Blvd |
| Feet of Frontage: | 321 |
| Site Description: | 401 McFarland: 128X161 IRR, 0.45 acres 405 McFarland: 253X161, .93 acres |
| Area Description: | Adjacent to hospital, medical offices, and single family residential area. |
| Total Number of Buildings: | 2 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 6,600 SF |
| Property Condition: | Average |
| Year Built: | 1971 |
| Roof Type: | Other |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Paved Lot |
| Passenger Elevators: | 1 |
| Heat Type: | Electricity |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Zoning Description: | medical office |
| Lot Frontage: | 321 |
| Lot Depth: | 125 and 253 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements Description: | None known |
| Land Ownership: | Cherokee Health Systems Inc |
| Legal Description: | 401 McFarland is 3 stories with 8,424 sqft. Built 1971 405 McFarland is 3 stories with 11,232 sqft. Built 1974 Buildings have been connected by a common entry elevator and stairway with interior bridges. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,016 | 31,704 | 43,618 |
| Median Age: | 35.46 | 37.5 | 38.77 |
| Households: | 3,364 | 12,519 | 17,172 |
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