Former Joseph Construction Office
Industrial
for Sale
| Catylist Listing ID: |
30706674 |
| Property Subtypes: |
Flex Space
|
| Building Size (RSF): |
23,208 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,925,000 |
| Unit Price: |
$82.95 PSF |
| Ceiling: |
19 ft. |
| Docks/Doors: |
2 Docks, 5 Doors |
| Office SF: |
9,628 SF |
| Drive In Bays: |
5 Bays |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/6/2021 |
Overview / Comments
Well located flex property in Bearden. Excellent access to I-40/75, Kingston Pike, and Northshore Drive. With fantastic dining, shopping, and recreational opportunities nearby this is one of the most convenient places to work in Knoxville. This property is well suited for a construction company due central regional location, interstate access, and proximity to construction supply and rental stores. This property is located in the flood plain and a portion of the property is in a railroad easement. The lease with the railroad is $780 per year plus the current CPI index (2020 was $796.32). 2,076 sf of 5911 Echo is leased for $24,912 per year, modified gross and renewals are to be negotiated between landlord and tenant. The current FEMA Flood Insurance Policy is $7,444 per year and if you'd like excess coverage, we have received a quote for $4,644.53 per year.
203 Letterman - 12,360 SF total (3,980 SF Garage and 8,380 SF Office)
5911 Echo - 9,600 SF warehouse with two (2) grade level doors and two (2) 10'x8' dock doors, 19' at eave, floor drains,
The Annex - 1,248 SF detached office
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
121BG005 |
| Zoning: |
I-G - GENERAL INDUSTRIAL |
| Highway Access: |
Located in the heart of Bearden with easy access to I-40/75 at Papermill Road. |
| Area Description: |
Located in the heart of Bearden with easy access to I-40/75 at Papermill Road. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Parking Ratio: |
2 (per 1000 SF) |
| Parking Type: |
Surface |
| Total Parking Spaces: |
44 |
| Heat Source: |
Central |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,599 |
49,930 |
168,161 |
| Median Age: |
46.23 |
37.28 |
35.09 |
| Households: |
1,516 |
22,885 |
70,282 |
|
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