Mixed-use Office/Airbnb on Washington Pike

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30784437
Property Subtypes: Mixed Use
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 4,320 SF
Gross Building Area: See Agent
Gross Land Area: 12,196 SF
Sale Price: $629,000
Unit Price: $314,500 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 4/13/2022

Overview / Comments

This property contains 4300 SF of mixed-use office and multifamily space with multiple use options. The lower level contains 5 total offices with shared common area, kitchen and shower. There are currently two tenants in three of the offices with 8 and 11 months remaining on their full service leases. A third tenant has recently signed for one office downstairs with a 12 month lease. The large common area used as open collaboration space and has the ability to hold small events to bring in about $1,000 per night. The upper level has two beautiful 2 bedroom 1 bathroom units currently being used as airbnb's averaging about $3500 a month. The units can easily rent month to month or have 12 month leases put in place. The building has undergone several renovations over the past year and can be purchased with all furniture in place.

Please do not disturb the tenants. Call agent for more information or to schedule a showing (865-309-6272)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 070CC004
Property Located Between: Located on the northeast corner of Alice Bell Rd and Washington Pike.
Highway Access: One mile west of of 640 off Millertown Pike and one mile north of I-40 off of Rutledge Pike.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1925
Year Renovated: 2022
Parking Type: Surface
Laundry: Shared
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,309 62,087 135,223
Median Age: 40.17 39.27 35.86
Households: 3,359 27,126 55,816

Contact

Photograph of Listing Agent

Matthew Strother

SVN I Wood Properties KAAR CIE Member
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