Downtown North Office/Warehouse

Retail-Commercial for Sale
Catylist Listing ID: 30295477
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,200 SF
Gross Building Area: See Agent
Gross Land Area: 11,212 SF
Sale Price: $850,000
Unit Price: $137.10 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Building Name: 618 N. Broadway
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2018

Overview / Comments

1920s brick commercial building, restored and updated in 2013, complete restoration of Broadway store front facade, new insulated roof and rooftop HVAC units installed in 2013, column-free interior with steel truss vaulted ceiling.

Current Tenants

Tenant Business Name University of Tennessee
Is Renting? Yes
SF of Space Occupied 6,200 SF
Lease Expiration 7/2019
Options None

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094DN012
Zoning: C3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Central and Broadway
Property Visibility: Excellent
Largest Nearby Street: Broadway and Central
Feet of Frontage: 95
Airports: 20 min. (13.5 miles) to Knoxville Tyson McGhee Airport
Area Description: Excellent location in revitalized Downtown North Knoxville commercial district.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1920
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Along the north side of the building.
Sprinklers: None
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: There is an easement along the north side of the building from Broadway to the Dempster building loading dock. There is potential to modify the easement to run east/west at the back of the building.
Land Ownership: Fee simple and leased fee

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,132 92,914 161,639
Median Age: 31.28 32.4 35.32
Households: 5,267 38,139 69,027

Contact

Photograph of Listing Agent

Laura D. Heinz

Wood, REALTORS KAAR CIE Member
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