Under Renovations Now! - 13,440 Flex Space
Industrial
for Sale
Sale Pending/Contingent
Also listed as Office
| Catylist Listing ID: |
30707067 |
| Property Subtypes: |
Flex Space, Manufacturing, Office Showroom, Warehouse/Distribution
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
13,440 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.05 Acres
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$100.45 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/15/2021 |
Overview / Comments
|
Main industrial warehouse building is all concrete with slab, block walls and concrete roof systems. Later additions have bar joist ceilings with metal decking and 2 metal warehouses have been added and completely restored with a newly, paneled interior each with drive-in doors. Additional loading dock and staging area. All create 7 distinct and unique clear span warehouse/studio spaces within. Multi-layers of old roofing removed and replaced with new $228,000 TPO roof that has been completed with 3-4 inches of "ISO Board" polyisocyanurate insulation, with a R-value of 5.6 per inch underneath providing up to R-22 for the roof of entire building! 250-feet excavated in rear of building to below the footings for an adequate new foundation drain system and full Tremco Tuff-N-Dri waterproofing system as provided by Tennessee Valley Waterproofing, Inc. Soon to be renovated are new offices, baths, updated 3-phase electric, LED lighting throughout, complete exterior renovation and site improvements. Unique loft for roof top views. I-MU zoning offers many commercial and industrial uses. Conveniently located on Papermill Dr, close to I-40, Middlebrook Pike to downtown or West Knoxville, and Liberty St to Homberg and Kingston Pike. Outstanding location and investment opportunity!
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$5,418 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
093MA00401 |
| Zoning: |
I-MU |
| Site Description: |
Gently sloping |
| Area Description: |
From I-40 W: Use the right lane to take Exit 386B for US-129/Alcoa Hwy toward Airport/Smoky Mtns. Keep right, follow signs for Sutherland Ave. Continue onto Partners Pl. Turn right onto Middlebrook Pike. Turn left onto Liberty St. Turn right onto Papermill Dr NW. Turn right. Destination will be on the right. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1958 |
| Roof Type: |
Arched |
| Construction/Siding: |
Block, Stucco |
| Total Parking Spaces: |
18 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,028 |
74,875 |
183,838 |
| Median Age: |
29.47 |
31.47 |
35 |
| Households: |
4,279 |
30,031 |
78,853 |
|
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Neither Knoxville Area Association of REALTORS® nor
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