Catylist ID:
#30664233
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: | $281,000 |
| 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: | 5/6/2021 |
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 façade 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. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 151 06310 C |
| Is Condo?: | Yes |
| Zoning: | C-1 |
| Year Built: | 2007 |
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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