Premiere Office Complex with 4.3 acres

Office for Sale
Sale Pending
Catylist Listing ID: 30724517
Property Subtypes: Executive Suites, Medical, Mixed Use, Office Building
Status: Pending
Building Size (RSF): 13,668 SF
Gross Land Area: 4.30 SF
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 11,958 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 6/18/2021

Overview / Comments

This Property is being sold on Ten-x Auction June 28-June 30 2021. Premiere office complex with two high end office buildings with 13,668 square feet and 1,710 rentable sq. ft. respectively. The complex is in the heart of Crossville Business District and is superior to all surrounding properties. The main building has a 578 square foot basement area and the smaller building has a 1710 sq. ft. garage. The main building has two tenants with long term leases. There is 6,000 sq. ft (upstairs with a private entrance) still available for lease in the main building. The second smaller building is fully leased. (see rent roll attached). The property has three long term tenants. The complex has ample room to allow a new owner to develop more of the property either with Multi-family and additional office/retail buildings both types adjacent to the main building. The property is currently generating substantial net operating income (see schedule attach).
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Additional Details

Nearest MSA: Crossville
County: Cumberland
Tax ID/APN: 018100J B 00800
Property Located Between: 127 S and West Avenue
Property Visibility: Excellent
Highway Access: Close proximately to I-40
Airports: Crossville Municipal Airport
Site Description: 4.3 acres located in the heart of Crossville Business District.
Area Description: Conveniently located to area banks, restaurants, schools and Colleges. Great access to Knoxville, Nashville and Chattanooga.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 13,668 SF
Year Built: 1995
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: paved
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,154 15,808 22,611
Median Age: 37.66 41.26 43.73
Households: 493 6,547 9,448


Photograph of Listing Agent

Brian Dear

Re/Max Finest KAAR CIE Member
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