1,920 SF Office/Retail Condo in Renaissance | Farragut

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30664233
Property Subtypes: Business Park, Medical, Mixed Use
Condo? Yes
Building Size (RSF): 1,920 SF
Gross Building Area: See Agent
Sale Price: $371,000
Property Use Type: Vacant/Owner-User
Building Name: Renaissance | Farragut - Donatello Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2020

Overview / Comments

NEW PRICE: 1,920 SF Office/Retail Condominium in Farragut
- Ownership opportunity in upscale mixed use development
- Storefront visibility to Kingston Pike and Renaissance main entrance
- C-1 zoning in Farragut town limits
- Farragut, an affluent bedroom community of Knoxville, is the highest income trade area in Knoxville MSA
- Sale, Lease or Lease/Option
- POA handles all exterior maintenance
- Concrete and steel construction, brick and limestone exterior

This 1,920sf of office/retail condominium is visible from Kingston Pike and is part of Renaissance | Farragut, an upscale mixed use development unlike any other in the Knoxville market. Enjoy foot traffic in a park-like setting and co-tenancy with restaurants, retail, service, professional and medical uses. The development is convenient to many of west Knoxville's most desirable neighborhoods, including several new residential developments underway in the surrounding area. A Kingston Pike address is the gold standard for location and reputation in Knoxville.

Built in 2007 as a photography studio, the space offers high ceilings, and a high glass storefront wrapped in a brick and limestone fa├žade over concrete and steel structure. The space has a highly adaptable existing buildout which could easily be repurposed for medical, professional or office use. The seller is motivated, and has now priced the property below replacement cost. This is a rare opportunity for fee simple ownership in a first class building and setting, and without the risks and delays of ground-up construction. The Renaissance POA coordinates all exterior maintenance and other common expenses for hassle-free ownership, and pooled expenses ($2.50 PSF) offer needed services at a lower cost than if purchased in a freestanding building.

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Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 151 06310 C
Is Condo?: Yes
Zoning: C-1
Year Built: 2007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,604 28,116 55,672
Median Age: 44.04 44.04 42.11
Households: 2,206 10,429 21,276

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