Catylist ID:
#30745025
Unique Island Home Avenue Opportunity
Special Purpose
for Sale
| Catylist Listing ID: | 30745025 |
| Building Size (RSF): | 4,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.50 - 3 Acres |
| Sale Price: | $400,000 |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/13/2021 |
Overview / Comments
|
This offering is comprised of approximately 2.5 to 3 acres of land (pending lot split) with a portion offering Island Home Ave frontage, a 4000 sf warehouse with Tenant and a 1 acre +/- parcel along the future South Waterfront rails to trails greenway. The warehouse was completely remodeled in 2018 and currently is being leased by Allied Toyota Lift as an accessory warehouse to their primary operation. Allied has the property under lease Until end September 2026. The frontage portion and accessory acreage is zoned SW-2, with the Allied warehouse being RN-1. Owners are currently pursuing SW-2 for the parcel. There is also a survey scheduled to split the Allied acreage off from an upper residential portion off of Anita Dr. *Please call agent for details and please do not disturb Tenants. *All measures are approximate. *Allied improved lot (warehouse) is currently being parceled off from residential portion. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Taxing Authority: | City of Knoxville/Knox County |
| Tax ID/APN: | 095OD006 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Island Home Ave |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 4,000 SF |
| Property Condition: | Average |
| Zoning Description: | Mixed SW-2 and RN-1. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements Description: | Access |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,965 | 70,887 | 135,136 |
| Median Age: | 31.09 | 32.52 | 35.16 |
| Households: | 4,343 | 28,358 | 57,322 |
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