The International

Industrial for Sale
Catylist Listing ID: 30223663
Property Subtypes: Manufacturing, Mixed Use, Warehouse/Distribution
Building Size (RSF): 70,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.21 Acres
Sale Price: $3,500,000
Unit Price: $50 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: The International
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

This property offers approximately 70,000 sq ft between three historic warehouse buildings and approximately 2 acres of adjacent parking. Ideal for redevelopment into residential lofts, the property is walkable to the University of Tennessee; offers excellent visibility off of high-traffic Western Avenue; and has easy access to Downtown Knoxville via the intersection of Jackson Avenue and Broadway. The buildings have high ceilings, hardwood floors in good condition, exposed brick walls and natural light on all four sides of each building. Additionally, the basements of buildings 2 and 3 have high ceilings and walkout access to Ramsey Street, offering the potential for more usable space. Buildings 1 and 2 have been used for events and performances, with bars in each building.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094LA02401, 094LA02402, 094LA002
Zoning: C-2 / C-3
Highway Access: Seconds from I-40's Exit 387 (17th Street / Western Ave)
Airports: About 13 miles from McGhee Tyson Airport
Site Description: Just off the intersection of Jackson Avenue and Broadway
Area Description: Walking distance to Downtown, The Old City, University of Tennessee, and Cumberland Avenue ("The Strip.")
Total Number of Buildings: 3
Number of Stories: 4
Property Condition: Fair
Year Built: 1900
Year Renovated: 1980
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Approximately 2 acre parking lot adjacent to building
Total Parking Spaces: 242

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,475 85,504 161,236
Median Age: 25.15 31.38 35.33
Households: 5,799 34,787 68,936

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