Medical Office for Sale on Merchant Drive
Office
for Sale
Also listed as Retail-Commercial
Catylist Listing ID: |
30801277 |
Property Subtypes: |
Medical, Office Building
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Building Size (RSF): |
2,621 SF
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Gross Building Area: |
See Agent |
Gross Land Area: |
0.36 Acres
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Sale Price: |
$450,000 |
Unit Price: |
$171.69 PSF |
Property Use Type: |
Vacant/Owner-User |
Class of Space: |
Class B |
Usable Size (USF): |
2,621 SF |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
5/5/2022 |
Overview / Comments
This property fronts Merchant Drive just shy of the intersection with Clinton Highway. The traffic count is 23,310 ADT. The property is set up for medical but could be used for general offices as well. The property has a front and rear entrance for patients and employees and ample parking for both. The building has a reception area and receptionist work area for check in and check out, break room, records room, employees’ bathroom, doctor's office, nurse's station, 4 exam rooms and 2 patient bathrooms. The roof is a standing seam metal roof with solar panels on the west side and has 20 parking spaces and a standing pole sign. 2 HVAC units with gas heat.
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Financials
Finance Data Year |
2021 |
Real Estate Taxes - Annual($) |
$5,922 (Annual) |
Additional Details
Nearest MSA: |
Knoxville |
County: |
Knox |
Tax ID/APN: |
068NC013 |
Zoning: |
CH-1 |
Site Description: |
Level |
Area Description: |
Clinton Highway north to right onto Merchant Drive, property on the left at the corner of Merchant Drive and Ridgefield Road. |
Total Number of Buildings: |
1 |
Year Built: |
1945 |
Year Renovated: |
1985 |
Roof Type: |
Other |
Parking Type: |
Surface |
Total Parking Spaces: |
20 |
Heat Type: |
Natural Gas |
Air Conditioning: |
Other |
Lot Frontage: |
193 |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
7,897 |
68,680 |
186,047 |
Median Age: |
37.32 |
34.69 |
34.57 |
Households: |
3,364 |
29,370 |
78,209 |
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