8537 Asheville Hwy Medical - Retail Space minutes from downtown

Retail-Commercial for Sale
Catylist Listing ID: 30804766
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use
Building Size (RSF): 8,000 SF
Gross Land Area: 1.33 Acres
Sale Price: $900,000
Unit Price: $112.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Cardin Building
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 2/22/2023

Overview / Comments

This is a fine commercial masonry multi-use building located just minutes from downtown Knoxville. The roof system is a steel roof system. This building was constructed with sprinkler systems installed and is sub-dividable into 4 to 8 units. Multiple tenants currently occupy this commercial building and income data is available upon request.

With very high traffic counselors' location is perfect for many types of businesses. Currently, the use is mixed-use medical and banking.

Current Tenants

Tenant Business Name Drayer Physical Therapy Institute
Phone Number 186-522-5730
Industry Type Health Care and Social Assistance
Is Renting? Yes
SF of Space Occupied 4,000 SF
Current Rent $4,600 PSF (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 062 210
Zoning: BUSINESS
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Asheville Hwy
Highway Access: Easy access to Hwy 11e ( Asheville Hwy )
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1996
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: Lots of parking in the front and rear area.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The following units are priced accordingly: #101 is $1,000.00 monthly #103 & #104 are $1,500.00 monthly #105 is $1,000.00 monthly
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,623 26,093
Median Age: 41.28 41.54
Households: 3,818 10,409

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