Catylist ID: #30446570
Magnolia Corridor Warehouse For Sale
Industrial for SaleAlso listed as Retail-Commercial
|Catylist Listing ID:||30446570|
|Building Size (RSF):||10,000 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$75 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
Overview / Comments
Magnolia Corridor Redevelopment – former meat packing facility with 4 huge walk-in coolers and large refrigerated loading area, one recently updated and operational, ceramic tile walls from floor to ceiling, entire building is concrete including roof, hydraulic elevator to lower floor with offices and baths and Frick ammonia refrigeration equipment (not working).
Property has direct access I-40 from Hall of Fame Blvd – the gateway to downtown - close proximity to Old City, with recent strong investments made in the immediate area including the former Dick Wright Hardware now Marc Nelson Denim, Fireproof Storage, Harris Distributing awaiting development, Graning Paint, Knoxville Opera and Last days of Autumn Brewery.
711 E Depot is ideal for many commercial uses – or combine with other properties listed.
Hot growing area! Opportunity Zone - New Market Tax Credits - Possible TIF's.
Opportunity Zone - Census tracts designated by State and Federal Government targeted for economic development by deferring capital gains taxes.
New Market Tax Credits - designed to increase the flow of capital to lower income and distressed communities.
Attachments & Media
|Finance Data Year||2019|
|Real Estate Taxes - Annual($)||$2,599 (Annual)|
|Area Description:||I-40 East or West through downtown Knoxville, take Hall of Fame Exit south .5mi to Magnolia, left then immediately right just past Graning paint on Randolph, then one block to E Depot, left to property on left.|
|Total Number of Buildings:||1|
|Proximity:||1 mile||3 miles||5 miles|
John F. LyleColdwell Banker Commercial Wallace & Wallace, Realtors KAAR CIE Member
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