Catylist ID:
#30807572
Prime Office Space on the Tennessee River
Office
for Sale
| Catylist Listing ID: | 30807572 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 13,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,995,000 |
| Unit Price: | $307.31 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Business |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/29/2022 |
Overview / Comments
|
Amazing Downtown Knoxville opportunity for a free standing, 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. Second floor space consist of high-end, urban industrial finishes including custom LED lighting, exposed wood beams, wood floors, granite countertops, a shower, collaboration zones and hospitality areas, conference room and more. Private offices (including a corner executive office with views of the TN River, Neyland Stadium and more) and open areas for work stations. Included in the sale is more than $300,000 worth of high-end custom furniture and fixtures. First floor is currently occupied by a law firm with traditional finishes. The tenant would like to renew a long-term lease. Second floor is Owner/Occupant and will relocate after the sale. Metal roof. Move-in ready. Abundant free parking surrounding the building. 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 approx. 25 spots) included. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 095JB011 |
| Zoning: | DK-E |
| Area Description: | Downtown Knoxville on the Tennessee River |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 6,500 SF |
| Year Built: | 1998 |
| Year Renovated: | 2019 |
| Parking Type: | Surface |
| Land Ownership: | Building is on a 100+ year ground lease. |
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 |
Contact
Don'ta BrooksSVN I Wood PropertiesNot a member of NETAR CMLS 
George BrownSVN I Wood PropertiesNETAR CMLS Member |
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