Medical Office for Sale on Merchant Drive

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30801277
Property Subtypes: Medical, Office Building
Building Size (RSF): 2,621 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
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.

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

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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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