Catylist ID:
#30790907
| Catylist Listing ID: | 30790907 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 13,000 SF |
| Sale Price: | $3,995,000 |
| Unit Price: | $307.31 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Business |
| Building Name: | Big Wheel |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/25/2022 |
Overview / Comments
|
Amazing Downtown Knoxville opportunity for a freestanding 13,000 SF / 2 story office building in the middle of it all! Nestled on the waterfront overlooking the Tennessee River between Ruth's Chris Steakhouse, Outdoor Knoxville, and Volunteer Landing Marina. Imagine stepping out your back door on your lunch break and taking your staff for a boat cruise.... Urban industrial finishes with custom LED lighting, wood floors, and granite upstairs and traditional offices on main level. Includes over $300K in custom furniture and fixtures. Owner (upstairs) is relocating, downstairs tenant (law firm) has flexibility. Do not disturb occupants. Metal roof. Move-in ready. Plenty of free parking. Updates and upgrades too numerous to explain.... Large conference room and training rooms, many offices, awesome kitchen and recreational area for your crew, and a super corner office for the executive.... Building is on a 100 + year ground lease with ZERO rent. Banks consider this equal to fee simple for collateralization. Adjacent fee simple parking lot (gated and 25 spots) included. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 095JB011 |
| Property Visibility: | Excellent |
| Zoning Description: | DK-E Downtown Commercial Zoning |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,088 | 79,364 | 144,188 |
| Median Age: | 27.55 | 32.21 | 35.09 |
| Households: | 5,544 | 31,769 | 61,427 |
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