West Emory Office
Retail-Commercial
for Sale
| Catylist Listing ID: |
30667324 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
|
| Building Size (RSF): |
2,300 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1 - 1.50 Acres
|
| Sale Price: |
$495,900 |
| Unit Price: |
$215.61 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Realty Concepts office building |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/7/2021 |
Overview / Comments
|
Two story home/office designed by Knoxviile architecture firm Barber & McMurray and built in 1932. The building has a a full unfinished basement and floored attic. Paved parking at the side and rear. Handicap ramp in the rear. The main level contains an impressive entrance foyer, an office with exterior entrance to a side porch, kitchenette/copy room, a handicap accessible 2 -piece restroom, a large office and an adjacent conference room. The second floor is finished office space with 4 large offices and a 3 piece restroom. Plenty of storage closets. walls are "knock down " finish with oak hardwood floors thru -out. Two offices upstairs currently leased - $600 and $450/ month. Over 150 ft of road frontage on high traffic , West Emory road.
|
Current Tenants
| Tenant Business Name |
Realty Concepts and Erie Insurance Co |
| Is Renting? |
Yes |
| SF of Space Occupied |
300 SF |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
056 12201 |
| Zoning: |
CA |
| Retail Clientele: |
General, Business |
| Property Located Between: |
I-75 , exit 112 ( Emory Road ) running southwest to Clinton Hwy |
| Property Visibility: |
Excellent |
| Highway Access: |
I- 75 |
| Site Description: |
One mile East from I-75 exit. Excellent access to interstate and downtown Knoxville. Emory Rd is a commercially developed ,four lane plus turn lane state highway. The office is highly visible from both directions. |
| Area Description: |
Most of Emory Rd is commercially developed with a cluster of national chains around the I-75 exit .Kroger center and a large apartment complex is 1/2 mile away. Tennova Hospital and medical offices less than 2 miles from office. There was also a large apartment complex built about five years ago west of the interstate and closer to the subject property as well. East of Interstate 75, commercial development has been heavy for about 25 years, including hotels, fast-food outlets, and national retail stores. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
2,300 SF |
| Property Condition: |
Average |
| Year Built: |
1932 |
| Year Renovated: |
2007 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick/Vinyl Siding |
| Exterior Description: |
It is a 2,260 S.F. house built about 1932 that has been converted to retail and office use, but it has predominantly been used for offices. The house is of frame construction with brick walls on the first floor and wood siding walls on the second floor. The roof is slate, and the sash is double hung, single pane wood. The house was designed by the noted firm of Barber and McMurray, and the drawings are dated April 1, 1932. |
| Parking Type: |
Surface |
| Parking Description: |
Paved side and rear. Gravel to handicap parking |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
DSL |
| Interior Description: |
The first floor of the house has recently been used for retail use, with the living room, dining room and sunroom used for display purposes and the kitchen used for an office and break room. On the second floor, the three bedrooms and sunroom are used as private offices for the owner's real estate business. The house has good utility as a house and an office and is in good condition with central HVAC and some updated electrical and plumbing work.
|
| Zoning Description: |
CA |
| Lot Frontage: |
162 |
| Lot Depth: |
200 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
PIN 056-12201 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,783 |
39,068 |
117,190 |
| Median Age: |
35.48 |
38.88 |
36.8 |
| Households: |
1,926 |
15,957 |
47,886 |
|
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