Reduced! 5,100SF New Construction Office

Office for Sale
Catylist Listing ID: 30821088
Property Subtypes: Business Park, Executive Suites, Coworking, Medical, Office Building, Other
Building Status: Proposed
Condo? Yes
Building Size (RSF): 5,100 SF
Sale Price: $1,020,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: Legacy Square
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/9/2023

Overview / Comments

Realty Executives is pleased to present ownership opportunities for a wide range of office sizes in the Phase 2 development of Legacy Square Office Park, bringing 12 new condos to market. Located just off the Callahan Dr exit of I-75, this established office park is nearing completion on the construction of Building E while Building C & D are ready to break ground. Each building contains 4 condos which can be purchase individually or combined to create larger spaces. The property will be conveyed as shell space. Majority of the units priced competitively at $200PSF!

- Low condo assoc. charges and only county property taxes.
- Opportunity for business owners to lock in occupancy costs and insulate from rent increases.
- Individual unit sizes are 1,250SF and 1,300SF but can be combined.
- Buildings C and D can be combined via a covered or enclosed walkway to create spaces ranging from 6,400SF to 10,200SF.
- Design and finish the interior to suit your needs.

Photography shows the neighboring building which displays the anticipated exterior finish condition of the property. Listing price is reflective of purchasing 4 units within the same building. See Offering Memorandum for further information.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 057OA013
Is Condo?: Yes
Zoning: C-A
Property Visibility: Good
Highway Access: I-75
Site Description: 5 building office park with 89 parking spots total.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 5,100 SF
Year Built: 2023
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 89
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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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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