Bank Owned Office Building for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30818141
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 8,444 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 Acres
Sale Price: $465,000
Unit Price: $55.07 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

This is your opportunity to purchase an office building in a great location on Merchant Drive. This property is bank owned and needs some rehabilitation. There is one tenant in the building. The tenant can stay and continue to pay rent or vacate. The property has two floors. The upper floor has three separate office suites. The lower level has two separate office suites. This is a great price, and the building will not last long.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $10,060 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 068NH007
Zoning: O
Area Description: North on Clinton Highway to Merchant Drive. Turn Left. Property is on the left.
Total Number of Buildings: 1
Year Built: 1976
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,897 68,310 184,482
Median Age: 37.32 33.95 34.54
Households: 3,364 28,938 77,504

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