Warehouse/Office with Upstairs Apartment

Industrial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30652246
Property Subtypes: Mixed Use
Status: Pending/Contingent
Building Size (RSF): 5,826 SF
Gross Building Area: See Agent
Gross Land Area: 10,425 SF
Sale Price: $299,000
Unit Price: $51.32 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2020

Overview / Comments

North Knoxville, Broadway corridor warehouse/office building with 4,513 SF on main level and 1,313 SF apartment on second level. The main level offers (5) private offices, (3) restrooms, (1) kitchen, conference area, rear warehouse section and storage space. There is (1) loading dock, dry sprinkler system in good working order and new roof in 2019. The main level is central HVAC.

The second level apartment has (2) bedrooms, (1) bathroom, kitchen, living room and utility room. The apartment tenant has been there for seven years and is on month-to-month terms at $700/month with direct billing for electric and washer/dryer connections.

Additionally, there is a detached 11 X 22 foot storage building beside loading dock.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,016 (Annual)
Gross Operating Income $8,400 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 069LA017
Zoning: C-G-2
Site Description: Level
Area Description: I-640 Broadway Exit, south to Buchanan on right, first left onto McKinley, property on left.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1945
Roof Type: Other
Construction/Siding: Block
Parking Type: Surface
Heat Source: Central
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,250 79,188 166,078
Median Age: 37.11 36.27 35.38
Households: 5,183 35,105 69,693
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