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: 7/15/2021

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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Kelly Sternberg

Realty Concepts KAAR CIE Member
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