Former Bank Building Weisgarber Rd. Priced to Sell!

Office for Sale
Sale Pending
Catylist Listing ID: 30355484
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 2,508 SF
Gross Land Area: 0.98 SF
Sale Price: $495,000
Unit Price: $197.37 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 2,508 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/31/2019

Overview / Comments

Former bank building in excellent condition just waiting for its new owner.
Tax assessment on this property is $1,181,400. Great property for your investors or end users offered for sale at only 41% of assessed value!
Located in The Atrium area the property is located just minutes to downtown and West Knoxville. Great visibility. All brick building with large entry area for customers, two separate offices, 4 teller areas, 3 drive through lanes with ATM lane, a large safety deposit room, storage rooms, a break room with an employee restroom and customer restroom. Parking for around 20 vehicles in the front of building with additional 12 employee/customer parking spots behind building.
The property offers nearly 400 feet of E Weisgarber frontage. One mile from the main Hwy's I-40 and I-75 and about three miles from I-640.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $21,660 (Annual)
Tax Value Land $566,200
Tax Value Improvements $615,200
Assessed Value - Total($) $1,181,400 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville
Tax ID/APN: 106LA00702
Zoning: O1 OFFICE-MEDICAL-RELATED SERVICES
Property Visibility: Excellent
Highway Access: About a mile to I-40 and I-75 and about 3 miles from I-640
Airports: McGee Tyson
Site Description: Level paved lot with approximately 400 feet of E Weisgarber frontage. Located in The Atrium business area. Easy access and great visibility.
Area Description: Close to hotels, shopping, restaurants and Knoxville main post office. Central business district. High traffic count.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,508 SF
Year Built: 1997
Construction/Siding: Brick
Exterior Description: Brick building with parking in front and back of building. Three drive through lanes and one ATV lane.
Parking Type: Surface
Parking Description: Approximately 20 parking spaces in the front of building and another 12 spaces behind.
Total Parking Spaces: 32
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Two separate office with space for additional desks. Large entrance area for customers. Four teller stations. Break room. Two restrooms.
Zoning Description: O1 Office-Medical and Related Services
Lot Frontage: 396.45
Lot Depth: 205.17
Water Service: Municipal
Land Ownership: Fee Simple
Legal Description: Parcel ID 106LA00702

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,343 65,826 167,814
Median Age: 31.08 35.42 34.79
Households: 2,997 29,727 70,109

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