Rare Owner/Occupant Opportunity on Emory Place

Retail-Commercial for Sale
Catylist Listing ID: 30802679
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Sale Price: $525,000
Unit Price: $62.50 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Wood Printing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2022

Overview / Comments

Situated along Broadway in red-hot Downtown North, 25 Emory Place is located in the heart of an area that is quickly being transformed into the next iteration of Downtown Knoxville’s renaissance.

Located on lovely Emory Place, originally designed to be the “Market Square” of North Knoxville.

Building features:
exposed brick walls
hardwood floors
windows on three sides
historic character
ample street parking
walk-out basement

Building is largely original, with two clearstories running the length of the structure, including over 60 windows high above the floor with original hardware still in place.

Gay Street begins here and two facing blocks are bounded by Central Street and Broadway. Views from 25 Emory Place include tall stone entry columns, period lanterns and posts, tree-lined sidewalks, the 1913 cathedralesque St. John’s Lutheran Church, the park-like 26-acre Old Gray and U.S. National cemeteries, the bustle of Broadway and surrounding retail businesses, most in century-old buildings. Within a two-block radius is Axle Logistics, Knoxville’s fastest growing firm, YeeHaw Brewing, Knoxville’s largest, opening this summer, and a dozen other brew pubs. Remedy Coffee is half a block away. Art and artists are found all along Emory Place and on nearby Jennings, were Mighty Mud and Ironwood Studios flourish. The future will soon yield a revitalized 625 Broadway and other amazing repurposed properties. The North Knoxville enclave is surrounded by the city’s oldest neighborhoods: Fourth & Gill, Old North, Oakwood, Mechanicsville. 25 Emory Place is in the middle of everything.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094DN008
Zoning: DK-E
Property Visibility: Excellent
Largest Nearby Street: Broadway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,400 SF
Property Condition: Poor
Year Built: 1910
Parking Description: Ample parking in front of building and along Emory Place

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,132 90,621 160,463
Median Age: 31.28 32.34 35.25
Households: 5,267 36,925 68,481

Contact

Photograph of Listing Agent

George Brown

SVN I Wood Properties NETAR CMLS Member
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