Bearden Area Warehouse & Development Land

Industrial for Sale
Catylist Listing ID: 30726562
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 10,848 SF
Gross Building Area: See Agent
Gross Land Area: 1.57 Acres
Sale Price: $1,250,000
Unit Price: $115.23 PSF
Ceiling: 19 ft.
Docks/Doors: 2 Docks, 4 Doors
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2021

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). 7,524 sf of 5911 Echo is leased through December 15, 2021. No value was given for the improvements of 203 Letterman. We have not been able to obtain a Certificate of Occupancy from the City of Knoxville for 203 Letterman. 5911 Echo - 9,600 SF warehouse with two (2) grade level doors and two (2) 10'x8' dock doors, 19' at the eave, floor drains. The Annex - 1,248 SF detached office. 50' x 30' shed. 203 Letterman - 12,360 SF total building on +/- 0.85 acres (3,980 SF Garage and 8,380 SF Office).

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 121BG005
Zoning: I-G - GENERAL INDUSTRIAL
Property Located Between: Walden Dr
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
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Source: Central
Zoning Description: I-G - General Industrial
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,599 49,930 168,674
Median Age: 46.23 37.28 34.94
Households: 1,516 22,885 70,704

Contact

Photograph of Listing Agent

Brian H. Tapp, CCIM

Avison Young KAAR CIE Member
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