Catylist ID:
#30804781
Fountain City Professional Complex Medical Offices
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30804781 |
| Property Subtypes: | Medical, Office Building |
| Status: | Pending/Contingent |
| Building Size (RSF): | 8,286 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $750,000 - 800,000 |
| Unit Price: | $90.51 - 96.55 PSF |
| Property Use Type: | Investment |
| Building Name: | Fountain City Professional Complex |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 4.6% |
| Average Occupancy Rate: | 75 |
| Last Updated: | 6/29/2022 |
Overview / Comments
|
Highly desirable medical office complex just off North Broadway in Fountain City. Walking distance to Litton's Market as well as other retail strip shops and dining spots is a plus. There are currently two established medical tenants on the first floor. The second-floor medical offices are vacant. This building would be ideal for owner-occupant with their own practice. There are around 40 shared parking spots between the tenants including the front and rear lot. The offices are easily accessible from North Broadway and yet insulated from the heavy traffic all the while benefitting from the 35k daily traffic count. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 058FE00601 |
| Property Visibility: | Excellent |
| Year Built: | 1988 |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Total Parking Spaces: | 40 |
| Passenger Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,918 | 66,361 | 146,453 |
| Median Age: | 40.68 | 38.55 | 37.3 |
| Households: | 2,797 | 29,178 | 62,648 |
Contact
Paul IvnitskiyGoldman Partners RealtyKAAR CIE Member |
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