Bearden Hill Opportunity

Office for Sale
Also listed as Hospitality, Multi-Family
Catylist Listing ID: 30657732
Property Subtypes: Mixed Use, Flex Space, Other
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.01 Acres
Sale Price: $499,000
Unit Price: $166.33 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2021

Overview / Comments

Charming 3,000 SF cottage style home repurposed for offices and consisting of 1.014 acres just off Kingston Pike at Northshore, convenient to Papermill and Interstates 40 and 75.

Over $80,000 spent on interior remodeling into offices in 2008 with glass block, skylights and unique spiral staircase to all three floors. Great potential but outside needs TLC. Could also be an Airbnb, Bed and Breakfast or even a remodeled iconic metropolitan residence!

Adjacent 1.34 acres also available for purchase - creating a prominent 2.5 acres site for an upscale office complex - multi-family site for apartments or residential condominiums - possible hotel development!

Property is currently leased. Please do not disturb the tenant.

OWNER/AGENT - See Listing Agent for more details.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $9,000 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 121AA011
Zoning: O-HP
Site Description: Steep
Area Description: Interstate 75 S/I-640 W/Nashville/Chattanooga and merge onto I-640 W/I-75 S Use the right 2 lanes to merge onto I-40 W/I-75 S toward Nashville/Chattanooga Use the right 2 lanes to take Exit 383 for Weisgarber Rd Use the left 2 lanes to turn left onto Old Weisgarber Rd/N Weisgarber Rd Destination will be on the right
Total Number of Buildings: 1
Year Built: 1950

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,928 65,138 166,989
Median Age: 37.61 36.77 34.92
Households: 3,861 29,376 69,699
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