Vestal Area Office/Retail for Sale or Lease

Office for Sale
Catylist Listing ID: 30838210
Building Size (RSF): 2,224 SF
Gross Building Area: See Agent
Gross Land Area: 20,184 SF
Sale Price: $699,999
Unit Price: $314.75 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Re:Vest Studios
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2023

Overview / Comments

Please contact the agent for more information about this listing.

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Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 109PM020
Zoning: C-N
Property Located Between: Martin Mill Pike & Ogle Ave
Property Visibility: Good
Highway Access: 0.6 mi/2 min to Hwy 441/Chapman Hwy
Airports: 10.5 miles/17 min. to McGhee Tyson Airport
Area Description: Re:Vest Studios is located in the Vestal neighborhood, minutes from downtown, UT, and the Knoxville Urban Wilderness. The property is nestled between the Mary Vestal Greenway and a free City parking lot. It features two covered porches, a large outdoor lawn, and food truck pad with hook-up.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1935
Exterior Description: Re:Vest Studios rests on 0.46 acres in the heart of Vestal. The 1935 structure has been completely remodeled and updated with modern amenities and is ready for immediate occupancy. Re:Vest Studios includes a large rear lawn nested against an active creek and the trailhead for the Mary Vestal Greenway. Beside the building there is a concrete pad for a food truck including 220V power hook up and water.
Parking Type: Other
Parking Description: The City of Knoxville has approved a no-parking variance for the site as the adjacent city lot has 14 parking spaces as well as on the street parking.
Interior Description: The building includes a large room in the entrance, three interior rooms, and a kitchen with refrigerator and dishwasher. All appliances and services including the HVAC are brand new. There is a storage closet and two-single occupancy restrooms. The covered porch at the entrance of the building is ripe for outdoor seating, as is the covered balcony overlooking the back lawn. The building includes a semi-finished basement with power for a kiln, and clay trap with work sink. There is also a larger storage room in the basement.
Zoning Description: Commercial Neighborhood with an Opportunity Zone overlay

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,331 57,059 122,103
Median Age: 30.24 31.4 34.49
Households: 2,379 22,277 50,735


Photograph of Listing Agent

Matthew DeBardelaben

Avison Young KAAR CIE Member
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