3,120 SF Freestanding Office Bldg - Like New Condition - I-75 Frontage

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30634848
Property Subtypes: Business Park, Governmental, Institutional, Medical, Office Building
Status: Pending/Contingent
Building Size (RSF): 3,120 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $120.19 PSF
Property Use Type: Vacant/Owner-User
Building Name: Priority Central Office Condominiums
Class of Space: Class A
Sale Terms: Cash to Seller
Last Updated: 9/14/2020

Overview / Comments

- 3,120 SF Office Building on Central Avenue Pike
- Existing buildout has a mix of private options and open workspace
- Frontage to I-75, visible to 92,361 vehicles daily
- Easy access to Downtown, I-75, I-275, I-640 and Clinton Hwy
- Built in 2007, POA handles all exterior maintenance

FIRST TIME ON MARKET. This 3,120 SF office building was built in 2007 as an insurance office including reception area, large meeting room, small meeting room, 4 large private offices, computer room, breakroom, fenced outdoor break area, and a 960sf bullpen with two supervisor offices. Centrally located in the Knoxville MSA, the property has double frontage to I-75 and Central Avenue Pike. Easy access to downtown via I-275, and also to I-640, I-75 and Clinton Hwy via Tillery/Gap Rd and Merchants Drive exits. There are an abundance of restaurants and services nearby on Clinton Highway, Merchants Drive and Fountain City. Current owner/occupant has expanded into another space in the development. Surrounded by a great workforce, with over 77,000 population within 3 miles. Part of Priority Central Office Condominiums, all exterior maintenance, water/sewer, dumpster services are managed by the POA. POA expenses are greatly subsidized by billboard ground lease.

Space will be available for occupancy in 2021 or possibly sooner.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 068LC024
Zoning: C-G-1
Property Visibility: Excellent
Highway Access: Easy access to downtown via I-275, and also to I-640, I-75 and Clinton Hwy via Tillery/Gap Rd and Merchants Drive exits.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,120 SF
Year Built: 2007
Roof Type: Hip
Construction/Siding: Brick
Parking Ratio: 4.7 (per 1000 SF)
Parking Description: Surface lot adjoining building
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,332 77,136 185,166
Median Age: 35.64 35.5 34.91
Households: 3,514 34,341 77,572

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