Contractor's Office & Yard

Industrial for Sale
Sale Pending
Catylist Listing ID: 30820774
Property Subtypes: Flex Space, Other
Status: Pending
Building Size (RSF): 3,856 SF
Gross Land Area: 0.32 Acres
Sale Price: $495,000
Unit Price: $128.37 PSF
Office SF: 2,262 SF
Drive In Bays: 3 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/8/2022

Overview / Comments

Opportunity for an owner/occupant or investor. Located just south of Merchant Drive (I-75, Exit 108) and has great visibility from I-75 and Central Avenue Pike. This property is a contractor's dream with a fenced yard with drive-through layout, modern offices and two garages, one under the building and the other a free-standing metal building with three bays including an optional lift.

Currently leased month to month by a plumbing contractor. Contact listing agent for lease details.

Property consists of two buildings and a fenced yard. Front building has two levels. Upper level is 1,508 SF and has been renovated with modern offices, two bathrooms and a breakroom. Lower level is also 1,508 SF but is divided into 2 low-ceiling garage bays used as storage (754 SF total) and offices with a bathroom (754 SF). Rear building is a 3-bay detached garage with 840 SF. It has 10'x10' doors, 11' interior clearance and infrared heat.

Property is set up for 2 to 3 businesses with separate electric meters – one for the upper level and one for the lower level and the detached garage.

Compressor does not convey. Lift may convey for an extra cost (TBD).

All measurements are approximate and must be confirmed by buyer.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 068LC023
Zoning: C-G-1
Property Located Between: Merchant Dr & Tillery Dr
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Brick
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Radiant
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,332 75,815 186,937
Median Age: 35.64 35.49 34.98
Households: 3,514 33,772 78,350


Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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