Office Building for Sale ~ South Knoxville

Office for Sale
Catylist Listing ID: 30822914
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 1,872 SF
Gross Building Area: See Agent
Sale Price: $385,000
Unit Price: $205.66 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2022

Overview / Comments

1,872 SF building for sale on 0.34 +/- acre lot.

Income producing. Two separate units, each on their own HVAC and electric. First unit is a 1000 square foot 2 bed 2 bath apartment that is currently rented. Second unit is 875 square feet of office space. Could be transitioned into a second apartment and rented as well. New HVAC unit added in 2021. New roof put on in 2019.

Owner projects with slight property improvements rental could bring ~$1800 per month. Projected 5.5% cap rate.

Located on Maryville Pike in South Knoxville in between Chapman Highway and Alcoa Highway.

Good visibility.

5,874 Average daily traffic on Maryville Pike.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 135CC002
Property Located Between: Alcoa Highway & Chapman Highway
Property Visibility: Excellent
Highway Access: Located on Highway 33 (Maryville Pike)
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,080 35,132 102,947
Median Age: 46.53 33.73 34.26
Households: 1,362 14,266 43,108
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