Commerce Park Office Building

Office for Sale
Sale Pending
Catylist Listing ID: 30829822
Property Subtypes: Business Park, Flex Space, Office Building
Status: Pending
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Gross Land Area: 3.67 Acres
Sale Price: $580,000
Unit Price: $207.14 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2023

Overview / Comments

Realty Executives is pleased to present an ownership opportunity for an office building with room to grow in the conveniently located Commence Park. Strategically located off Illinois Ave and Pellissippi pkwy, within a short distance of the Y-12 National Security Complex. This 2,800SF office sits on 3.67 acres while only utilizing about .8 acres. Floor-plan offers 3 spacious offices, two conference rooms, reception, break room, and a storage shed. This is a great opportunity for business owners to lock in occupancy costs and insulate from rent increases. See Offering Memorandum for relevant information.

Zoning allows for a wide range of office and warehouse users. The property offers a great opportunity for users who would like to add warehouse space on the remaining 2 acres and utilize the front office space.

Building is currently occupied. Showings will require 24 hour notice minimum.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Oak Ridge
Tax ID/APN: 001106GB01200
Zoning: IND-2
Property Visibility: Good
Site Description: This 2,800SF office sits on 3.67 acres while only utilizing about .8 acres.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2001
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 15 parking spots with ample room for more.
Total Parking Spaces: 15
Zoning Description: The IND-2, general industrial district is established to provide areas in which the principal use of land is for processing, manufacturing, assembling, fabrication and for warehousing. The IND-2 district provides for enterprises in which goods are generally mass produced from raw materials on a large scale through use of an assembly line or similar process, usually for sale to wholesalers or other industrial or manufacturing uses... {See zoning ordinance for more information}
Water Service: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,504 41,675
Median Age: 43.68 41.56
Households: 8,175 17,386

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