AAA Building

Office for Sale
Catylist Listing ID: 30499206
Property Subtypes: Office Building
Building Size (RSF): 21,395 SF
Gross Building Area: See Agent
Gross Land Area: 1.46 Acres
Sale Price: $2,200,000
Unit Price: $102.83 PSF
Property Use Type: Investment
Building Name: AAA
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2019

Overview / Comments

Rare opportunity to purchase a renovated office building in Knoxville's Central St corridor. AAA is selling is 15,045sft office building along with the neighboring 6,350 sf warehouse. Combined these properties cover 1.46 acres at the corner of Central St and 5th Ave. The office building was renovated in 2011 and is practically move-in ready. Front door parking, great exposure to I-40/75 and the chance to own this classic location are just a few of the highlights for this property.

In the past decade, Central St has seen more organic growth than just about any area in Knoxville. You can't go more than a few hundred yards without finding a new bakery, brewery or entertainment hot spot. Just a few examples of recent developments within 400 yards of this location:

> The Mill & Mine, 8,000 sf Event & Concert Venue
> A Dopo Sourdough Pizza
> Elkmont Exchange Brewery
> Magpie Cakes
> Central Filling Station, Food Truck Park
> Lonesome Dove Restaurant
> Regas Square luxury condo development

This location is within easy walking distance of the Old City, within a 5 min drive of the Central Business District and two stop lights from the 4th & Gill Neighborhood.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094E-D-008.00, 009.00, & 011.00
Zoning: C-3
Property Visibility: Excellent
Area Description: In the past decade, Central St has seen more organic growth than just about any area in Knoxville. You can't go more than a few hundred yards without finding a new bakery, brewery or entertainment hot spot. Just a few examples of recent developments within 400 yards of this location: > The Mill & Mine, 8,000 sf Event & Concert Venue > A Dopo Sourdough Pizza > Elkmont Exchange Brewery > Magpie Cakes > Central Filling Station, Food Truck Park > Lonesome Dove Restaurant > Regas Square luxury condo development This location is within easy walking distance of the Old City, within a 5 min drive of the Central Business District and two stop lights from the 4th & Gill Neighborhood.
Number of Stories: 1
Year Built: 1940
Year Renovated: 2011

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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

Justin Cazana

Avison Young KAAR CIE Member
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