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

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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


Photograph of Listing Agent

Paul Ivnitskiy

Goldman Partners Realty
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