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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
6,747 |
17,169 |
| Median Age: |
41.59 |
36.9 |
| Households: |
2,633 |
6,453 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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