Office for Sale ~ Knoxville, TN

Office for Sale
Sale Pending
Catylist Listing ID: 30652287
Property Subtypes: Office Building, Other
Status: Pending
Building Size (RSF): 1,722 SF
Gross Building Area: See Agent
Gross Land Area: 0.19 Acres
Sale Price: $115,000
Unit Price: $66.78 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2021

Overview / Comments

-Property located on Magnolia Avenue only 1 mile from Interstate 40

-1.5 story house structure with unfinished basement converted into an office building

-Commercial zoning


-Parking in rear of building

-Full building renovation in 2005

-Near high traffic event centers, such as The Knoxville Zoo, Chilhowee Park & Expo Center, and home of the Tennessee Valley Fair

-Minutes from Downtown Knoxville

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082OE009
Property Visibility: Excellent
Zoning Description: The C-G General Commercial Zoning District is intended to provide for a heterogeneous mix of retail, personal service, office, and residential uses within and along Knoxville’s commercial nodes and corridors. The C-G District is intended to promote mixed-use development in a pedestrian-oriented environment that recalls the City’s traditional business districts, and offers flexibility in the creation of integrated commercial, office and residential spaces. The C-G District is divided into three levels of intensity related to the overall form and design of the development; however, uses are the same across all levels. This district is intended primarily for indoor commercial uses with limited exceptions per special use approval.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,924 76,119 148,182
Median Age: 35.85 33.51 34.98
Households: 5,396 31,041 62,925


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