Office-Retail or Redevelopment Site

Office for Sale
Sale Pending
Also listed as Retail-Commercial, Vacant Land
Catylist Listing ID: 30404985
Property Subtypes: Medical, Office Building, Other
Status: Pending
Building Size (RSF): 2,834 SF
Gross Building Area: See Agent
Sale Price: $320,000
Unit Price: $112.91 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Health Systems Credit Union
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2019

Overview / Comments

Great Opportunity for an Owner-Occupant, Investor or developer to own a commercial corner property on N. Broadway in North Knoxville. This area, just south of I-640, has been redeveloping nicely for several years and has many new businesses. Now priced below the county appraised value, don’t miss out!

The property is at the corner of North Broadway and Ludlow Ave which is only 0.7 miles south of I-640. Strong traffic counts of 32,174 ADT south of the property and 21,645 ADT north. Not in the flood zone.

The reasonable pricing allows the property to be considered for redevelopment such as quick-serve restaurant, office or retail.

The property is currently improved with a 2,834 SF converted house with 13 parking spaces. ATM, drive-thru, and safe convey! The C-3 General Commercial District zoning means this property may be able to be used “as-is” as a professional office or other business. It also allows an owner or employee to live on-site. The building is well suited for a professional office, insurance agency, attorney, real estate, medical, bank, veterinary or other use. The building has been well maintained and is in excellent condition. Two handicap equipped restrooms on the main level. Upper level has a large conference room, office, break room, file room & restroom.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 069LA033
Zoning: C-3
Property Located Between: I-640 & Downtown Knoxville
Property Visibility: Excellent
Highway Access: N Broadway
Airports: TYS
Site Description: Corner property on busy N Broadway near I-640 Attractive, well-maintained office building Redevelopment potential High traffic counts
Area Description: Located just south of Fountain City
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,300 SF
Year Built: 1921
Year Renovated: 1998
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick masonry & stucco
Parking Type: Surface
Total Parking Spaces: 13
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-3 Commercial allows multiple business uses.
Lot Frontage: 284
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,250 77,754 165,518
Median Age: 37.11 36.13 35.26
Households: 5,183 34,844 69,510

Contact

Photograph of Listing Agent

Sam Phillips

Goldman Partners Realty, LLC
KAAR CIE Member
Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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