980 Highway 11e

Office for Sale
Catylist Listing ID: 30833335
Property Subtypes: Governmental, Medical, Office Building, Research & Development
Building Size (RSF): 956 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $189,900
Unit Price: $198.64 PSF
Property Use Type: Investment, Business
Usable Size (USF): 956 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/17/2023

Overview / Comments

Over 19000 Daily Traffic counts on State Hwy 11E in New Market. All brick building ideal for business office, medical/dental office, small retail or other. Building at present has 2 offices, Reception area, Kitchen and large bath that is also plumbed for a shower if this is a need. Great exposure, close to Knoxville, Jefferson City and Sevier County. Located on a corner with access off of highway as well. Plenty of parking in front and all the way around bldg. Photos taken was before current tenant occupied. Qualified buyers only.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $1,670 (Annual)
Potential Rental Income $9,600 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Morristown
County: Jefferson
Tax ID/APN: 045033CA02201
Zoning: COMMERCIAL
Property Located Between: Between Mill Springs and Minnis Road
Property Visibility: Excellent
Highway Access: Fronting Highway W. 11e
Airports: Morristown Municipal Airport
Area Description: High traffic count. Level lot, large parking areas. City limits of New Market, semi-rural setting, small community, highly visible
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 956 SF
Year Built: 2006
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Multiple parking areas around the building
Total Parking Spaces: 20
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable, Fiber Optic
Interior Description: Building at present has 2 offices, Reception area, Kitchen and large bath that is also plumbed for a shower if this is a need.
Zoning Description: Commercial
Lot Frontage: 125
Lot Depth: 150
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Legal Description: Map 033C, Group A, Parcel 22.01, Deed Book 802, Deed Page 214

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,747 17,169
Median Age: 41.59 36.9
Households: 2,633 6,453

Contact

Photograph of Listing Agent

Burlin Allen

Re/Max Between the Lakes
KAAR CIE Member
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