Office/Retail Space at Merchant Dr

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30285826
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 4,312 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $98.56 PSF
Property Use Type: Net Leased Investment (NNN), Business
Building Name: Former Ultimate Technologies
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2018

Overview / Comments

For sale or lease. Excellent location at I-75 and Merchant Dr with great potential for Medical, Professional Office, Salon or Retail. Built in 1980, this clear span block building can easily be dressed up to have an updated appearance. Currently 4,312 sq. ft. with 24 parking spaces., This is 5.5 parks/1,000 sq, ft., so there is also potential for a building addition to meet your custom needs such as a dock or kennel.

City of Knoxville C-3 General Commercial Zoning for personal and business services and general retail business. Additional examples include Indoor commercial recreational, studios, clinics and laboratories, Indoor pet services and veterinary establishments and more.

23,000 ADT at Merchant Dr
44’ x 98’ CMU Building with Gable Roof; Clear Span (no posts)
Currently partitioned with walls which create a reception area, (3) offices, a very large (44’ wide) conference room and other spaces.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Zoning: C-3
Highway Access: I-75
Airports: TYS
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,312 SF
Year Built: 1980
Roof Type: Gable
Construction/Siding: Block
Exterior Description: CMU
Parking Type: Surface
Total Parking Spaces: 24
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-3, This commercial district is for personal and business services and general retail business. Districts in this category are intended to include areas where commercial development has displaced or is displacing residential development, or is moving in on vacant lands. Regulations are designed to guide future change so as to discourage formation of future commercial slums, to preserve the carrying capacity of the streets, and to provide for off-street parking and loading. It is not the intent of this district to encourage the extension of existing strip commercial areas, but rather to provide concentrations of general commercial activities.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,356 70,963 186,547
Median Age: 34.69 35.25 34.85
Households: 2,696 30,424 77,967

Contact

Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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