Prime Office Building For Sale

Office for Sale
Catylist Listing ID: 30825699
Property Subtypes: Office Building
Building Size (RSF): 13,000 SF
Gross Building Area: See Agent
Gross Land Area: 8,773 SF
Sale Price: $3,495,000
Unit Price: $268.85 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2023

Overview / Comments

Fabulous opportunity to own a free standing 13,000 SF office building near downtown and overlooking the Tennessee river. Convenient proximity to James White Parkway and I -40 making Knoxville and surrounding areas easy to travel to. Situated between Outdoor Knoxville, Volunteer Landing Marina and Ruth’s Chris Steakhouse make this building a noticeable, distinguished landmark. This 2-story building has a multitude of windows lending awesome views of the river, Knoxville’s skyline, and even Neyland Stadium. It is a unique mix of modern and traditional, with the 2nd story recently renovated with designer, modern fixtures and furnishings. This floor boasts flexible working arrangements and has a great mix of executive offices, open collaborative workspaces, standard conference rooms, fun areas to host clients, guests and coworkers. Nothing was left to desire on the finishes in this space. The first story hosts a long-term legal firm (whose intention it is to renew) and is clearly more traditional in layout and design.

Additionally, this building is surrounded by plenty of free parking and also has access to a gated parking lot with approximately 25 spots included. Important to note that the building is on a 100+ year ground lease, with FREE rent.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 095JB011
Zoning: DK-E
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1998
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,088 79,364 144,188
Median Age: 27.55 32.21 35.09
Households: 5,544 31,769 61,427

Contact

Photograph of Listing Agent

John M Adams III, CCIM SIOR

CBRE, Inc. KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth, CCIM

CBRE, Inc. KAAR CIE Member
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