The Swift Building

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Shopping Center
Catylist Listing ID: 30737699
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 10,195 SF
Gross Building Area: See Agent
Gross Land Area: 25,299 SF
Sale Price: $1,800,000
Unit Price: $176.56 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: The Swift
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2021

Overview / Comments

This opportunity is ideally located at the intersection of downtown and Historic North Knoxville, two blocks from new developments on Depot Ave and only four blocks from the Old City. Built in 1936 as a factory for Swift Ice Cream Company. Exterior renovations included the re-opening of large exterior windows and a magnificent new entrance. Tall woodbeam ceilings. Original wall tiles throughout the space.

Current Tenant occupies 5,223 SF and there is 4,229 SF vacant with great potential.

Current Tenants

Tenant Business Name Craft Axe
Website URL https://craftaxethrowing.com/us/tn/knoxville
Industry Type Arts, Entertainment, and Recreation
Is Renting? Yes
SF of Space Occupied 5,232 SF
Current Rent $15 PSF (Annual)
Escalations $.39PSF
Options One Option Term of 3 years.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville, Knox County
Tax ID/APN: 094DM021
Zoning: C-2
Property Visibility: Excellent
Largest Nearby Street: Central St
Airports: TYS
Area Description: The Emory Place Historic District is a historic district in Knoxville, Tennessee, United States, located just north of the city's downtown area. The district consists of several commercial, residential, religious, and public buildings that developed around a late nineteenth century train and trolley station. The district includes the Knoxville High School building, St. John's Lutheran Church, First Christian Church, and some of the few surviving row houses in Knoxville. The district was listed on the National Register of Historic Places in 1994.[1] Following railroad construction in the 1850s, Knoxville slowly expanded northward. In 1890, the "Dummy Line," a railroad line connecting Knoxville and Fountain City, was established, with what is now Emory Place as its southern terminus. A farmers' market and several small industrial and commercial firms developed adjacent to the train station to take advantage of the influx of customers and transportation advantages. While Emory Place declined with the dismantling of Knoxville's trolley system in the late 1940s, many of its late-nineteenth and early-twentieth century buildings still stand, and have been restored.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1936
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Newly painted brick exterior. New large black windows. ADA entrance
Total Parking Spaces: 24
Parking Type: Surface
Parking Description: On-Site Parking is provided. Landlord has promised 6 spots to tenant. Multiple nearby parking spots on street. See Agent for details.
Sprinklers: Dry
Interior Description: Exposed brick, large windows, original tile walls, tall wood beam ceilings.
Lot Frontage: 350
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,468 87,853 156,794
Median Age: 29.9 32.3 35.12
Households: 5,482 35,792 66,907

Contact

Photograph of Listing Agent

Daniel Odle

Lawler-Wood, LLC KAAR CIE Member
Photograph of Listing Agent

Sam Harrell

Lawler-Wood, LLC KAAR CIE Member
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