Multi-Use Commercial Multi-Plex

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30759242
Property Subtypes: Mixed Use, Light Industrial, Office Showroom, Self Storage, Other
Building Size (RSF): 14,040 SF
Gross Building Area: See Agent
Gross Land Area: 2.20 Acres
Sale Price: $1,500,000
Unit Price: $106.84 PSF
Docks/Doors: 1 Dock, 3 Doors
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Last Updated: 10/18/2021

Overview / Comments

Prime location for this multi-use compound that currently has exceptional tenants! Conveniently located and close to downtown Knoxville, West Knoxville, McGhee Tyson, Maryville, and Great Smoky Mountains. Direct access to both Alcoa Hwy (129) and Pellissippi Parkway (140) making this a high traffic road with lots of visibility. There are 2 large bays with 15' ceilings that did not have interior photos included per tenant request, this particular tenant will be leaving at sale opening up a great space for a mechanic or heavy machinery operation to generate much more income. There are a total of 8 storage units similar in dimension to the 2 photographed units, they are being rented by current tenants, individual renters, and used by the current owner. The large gravel parking lot behind building 1 is could be used for an additional building allowing opportunity for expansion! Even if an additional building is added on, there is ample parking available. The additional lot in the back is currently rented, but could be paved in the future to add another parking lot as well. Owners have made several updates overtime and have added a beautiful onsite owner suite that could be used for an office also with a fully equipped kitchen and bathroom! With big-timers like Amazon and a strip mall going in down the road and the expansion of Topside Rd over Alcoa Hwy, property values are expected to increase even more over-time in this area. With stable tenants, plenty of room to expand within the compound, and all the improvements in the area, this is a rare opportunity! For more detailed information of this listing check out it's personalized website www.investtopside.com

Current Tenants

Tenant Business Name Adrenaline Tattoo
Is Renting? Yes
Tenant Business Name Burrell Roofing
Is Renting? Yes
Tenant Business Name Wholesale Metal Roofers
Is Renting? Yes
Tenant Business Name Maryville Wraps
Is Renting? Yes
Tenant Business Name Platinum Pools
Is Renting? Yes

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 00500900611
Zoning: F - COMMERCIAL
Property Located Between: Corner of Topside and Dresden very close to 129.
Highway Access: From Knoxville take Pellissippi Parkway (I-140 left onto Topside, property on left 2.2 miles
Airports: McGhee Tyson, Knoxville Downtown Island, Skyranch Airport, TAC Air
Site Description: (2) 2-Story buildings, 1 single story building with loading bay in back, 8 storage units, 2 xl storage units/bays with 15' ceilings, multiple offices, owner suite, (2) covered parking buildings in back, ample parking, gravel parking lot permitted for additional structure, high traffic, storefront visibility for tenants on the front of building, 2.2 acre lot that includes additional back lot in the acreage.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1979
Year Renovated: 2019
Roof Type: Other
Construction/Siding: Concrete
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Other
Air Conditioning: Other
Lighting: LED, Fluorescent, Other
Internet Access: Cable, DSL, Other
Interior Description: Some of the buildings have been updated recently inside, while others have not been due to tenants occupying space for long periods.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: sewer on back portion

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,963 15,408 62,341
Median Age: 36.68 42.83 41.12
Households: 1,377 6,660 26,958

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