143 Legacy View Way, 37918

Office for Sale
Catylist Listing ID: 30794762
Property Subtypes: Business Park, Executive Suites, Medical, Office Building
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 1,300 SF
Gross Building Area: 5,100 SF
Sale Price: $312,000
Property Use Type: Investment, Business
Building Name: Legacy Square Office Park, Bldg C
Class of Space: Class A
Usable Size (USF): 1,300 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/18/2022

Overview / Comments

Stop renting your office space–turn it into an investment with tax breaks! Hard-to-find Office Condos are now available at an affordable price! ALL NEW construction, one-level office space units with parking at your front door. This location is optimally centralized at the intersection of three zip codes (37912, 37918, and 37849)–just off I-75 (across from Rusty Wallace Honda). Great visibility in a high traffic area; extremely convenient to North/Northwest Knoxville areas (5 -10 mins.), Downtown Knoxville (approx. 10 mins.), and West Knoxville (approx. 20 mins.). Just outside the City line–so County taxes only!

These Office Condo units offer a great space for medical, dental, skin care, financial services, insurance, or any "general purpose" office. These units are ALL-NEW, quality construction with brick-exterior siding. The new construction includes 3 buildings (with 4 units each), and are going fast! The Condo "shell space" provides the opportunity to design and finish the interior to fit your needs. Office Condos will be plumbed for electricity, water, sewer, and internet/phone. Condo units are available at 1,250 sq.ft and 1,300 sq.ft., and may be combined to form larger spaces.

The Condo Association fees (for the two already-existing buildings) average approximately $100/mo., which includes all exterior building maintenance (and insurance), grounds-keeping/lawn care, and Common Areas maintenance (and insurance). Interior finish costs vary based on interior floor-space design and materials; call now for more information!
THE FOLLOWING IS INCLUDED IN LIST PRICE/PAID FOR BY DEVELOPER:

a) This Contract is for a portion of a [“semi-completed”] construction, i.e., which shall include completion of construction of a level concrete-slab floor, all exterior walls (including doors and windows) and roof, with “stubbed out” utilities installed (and therefore available) for all plumbing, electrical, and COMCAST cable connections. Exterior Construction will match that of the existing Buildings of the LEGACY SQUARE OFFICE PARK (i.e., Buildings “A” and “B”).

b) Seller shall likewise be responsible for completion of construction of the following items:

A) Completion of the Code-Required “Firewall(s)” (including all required insulation) between the Unit[s] purchased herein and adjacent Unit[s] (if any);

B) Installation of the required HPUD Water Meter[s] for the Unit[s];

C) “Initial Plumbing” up to and including the “code-required” toilet fixture [and including the toilet itself] and “restroom sink” fixture [and including the sink itself”, as well as to the “utility sink” and “drain fixture” for the “utility closet” (and including the sink and drain fixtures], and also to and including the Hot Water Heater (to be located within the “utility closet”), including purchase and installation of an appropriate Hot Water Heater;

D) All electrical wiring to the Building’s “Transformer & Meter Center” (with service to be provided by KUB), “stubbed out” and ready to provide electrical wiring & service from the Building’s “Meter Center” to the Unit[s] purchased herein; Unit’s KUB Meter, and thence from the Unit’s KUB Meter to the Unit[s]; Seller shall also be responsible for all costs associated with purchase and installation of the Electrical Meter(s) required for the Unit[s] being purchased herein;

E) Additional “Cast-in-Place” Concrete required for interior completion;

F) Additional “Cold-Formed” Metal Framing required for interior completion;

G) Additional Gypsum Board Systems required for interior completion;

H) Additional Plumbing required for interior completion;

I) Additional Electrical required for interior completion;

J) Installation of Perimeter Drywall (Unpainted);

K) Installation of Attic Insulation;

L) HVAC equipment, “set up and ready to go” (rated for unit capacity requirements);

M) Purchase and Installation of required Restroom Fixtures & Accessories;

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 057OA01300H
Is Condo?: Yes
Property Visibility: Excellent
Highway Access: Yes
Site Description: Legacy Square Office Park
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 2022
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Front door
Interior Description: New construction...Interior finish costs vary based on interior floor-space design and materials. You can design and finish the interior to fit your needs.
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 057OA01300H

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,197 55,523 145,545
Median Age: 36.44 36.56 36.02
Households: 1,410 23,318 61,376

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