Fountain City Office

Office for Sale
Catylist Listing ID: 30414641
Property Subtypes: Office Building
Building Size (RSF): 7,140 SF
Gross Land Area: 0.86 Acres
Sale Price: $499,900
Unit Price: $70.01 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2019

Overview / Comments

First time on the market for this multi-use office property. Office building in Fountain City along Tazewell Pike just east of Jackboro Pike. The improvement offers two above grade levels and lower level basement area with private exterior access. Currently leased to eight different long term tenants with current leases ending by end of July 2019. Currently one vacancy of small suite and owner occupies an upper level suite. Would make a great owner/occupied structure or investment property with room to increase rents with very little expense. Offers plenty of parking and easy access to Broadway and I-640. ***Please do not disturb current tenants***. Available for weekend and evening showings. Please contact listing agent.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,711 (Annual)
Gross Operating Income $78,540 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058L/E/041
Zoning: O-3, OFFICE PARK DISTRICT
Property Located Between: Jacksboro Pike and Smithwood Road
Property Visibility: Good
Highway Access: Tazewell PIke
Year Built: 1979
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior
Parking Description: Asphalt - on-site parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Multiple office suites
Zoning Description: 0-3, Office Park District
Lot Frontage: 147+- Feet
Lot Depth: 250+- Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: See attached deed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,050 66,086 147,167
Median Age: 38.24 38.14 36.69
Households: 3,642 29,166 62,762

Contact

Photograph of Listing Agent

Stacy Patterson

Shanks & Associates KAAR CIE Member
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