Rare Flex Office with Drive-through Garage/Warehouse
Office
for Sale
| Catylist Listing ID: |
30835475 |
| Property Subtypes: |
Mixed Use, Flex Space, Other
|
| Building Size (RSF): |
3,300 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
22,713 SF
|
| Sale Price: |
$350,000 |
| Unit Price: |
$106.06 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/29/2023 |
Overview / Comments
PRICE IMPROVEMENT! Seller says "bring an offer" for this property that only needs interior completion. Unfinished now to accommodate buyer’s specific build-out.
IMPROVED PRICE and HARD TO FIND FLEX SPACE: Renovated office building and drive-through 52' x 21' garage, PLUS residential investment parcel suitable for building a duplex. Owner has done all preliminary zoning approvals, subdividing plan, site plan, new roof, windows, doors, systems upgrade work, and office framing to make this an attractive investment opportunity. The 3,300 SF flex space is approved for RN-2 and can accommodate an office with 9 parking spaces. 2,700 SF on first level (office and garage) and 600 SF second-level loft. Other neighborhood nonresidential reuse purposes may also be permitted. Buyer to verify. HVAC, electrical, and plumbing are NEW. Contractor-owner willing to finish interior to buyer's specs with approved offer.
Empty adjacent lot can accommodate a top and bottom 2 BR/2 BA duplex for income potential. Contractor-owner has drawings. Neighboring residential rental rates are $735 to $800/MO for 1-BR/1 BA units. Owner is in the process of splitting the parcel.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$581.85 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
071AA014 |
| Zoning: |
RN-2 |
| Site Description: |
Level - Residential neighborhood. |
| Area Description: |
I-640 to Millertown Pike south to Spring Hill Rd. Left onto McIntyre Rd. Left onto Payne. Left onto Obarr Rd. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
15 |
| Year Built: |
1930 |
| Year Renovated: |
2023 |
| Roof Type: |
Other |
| Construction/Siding: |
Block, Stucco |
| Exterior Description: |
Stucco, new roof, new windows, new doors, new garage doors. |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Interior Description: |
All systems are upgraded, interior framing completed and waiting for inspections before sheet rock installation. 5 offices, 1 half bath, 1 full bath, kitchenette. Drive-through garage. |
| Lot Frontage: |
197 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,213 |
47,184 |
117,878 |
| Median Age: |
44.15 |
40.8 |
36.37 |
| Households: |
1,486 |
20,616 |
47,947 |
|
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