Opportunity Zone! I-MU Commercial / Industrial

Industrial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30566158
Property Subtypes: Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 30,705 SF
Gross Building Area: See Agent
Gross Land Area: 1.85 Acres
Sale Price: $1,600,000
Unit Price: $52.11 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Opportunity Zone - Census tracts designated by State and Federal Government targeted for economic development by deferring capital gains taxes.

30,705 SF, I-MU Zoned warehouse, office with fenced lot. 1.85 acres total. Loading dock with 3 warehouse doors and 1 drive-in door.

.5 miles to The Old City; .7 miles to S Gay St.

3-short term tenants in place.

Could accommodate multiple users and uses.

Buyer to verify square footage and acreage.

Call Listing Agent for showing. Do not disturb tenants.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,468 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 095HC018
Zoning: I-MU
Site Description: Gently sloping
Area Description: Hall of Fame Dr to Randolph St. Follow to Willow Ave and turn left. Property on right before curve.
Total Number of Buildings: 1
Year Built: 1961

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,096 83,534 149,347
Median Age: 35.34 32.46 34.87
Households: 5,870 33,847 63,836
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