Downtown Professional Office Condo

Office for Sale
Catylist Listing ID: 30836506
Property Subtypes: Mixed Use, Office Building
Condo? Yes
Building Size (RSF): 8,108 SF
Gross Building Area: See Agent
Sale Price: $1,449,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 70
Last Updated: 9/29/2023

Overview / Comments

SVN Wood Properties is excited to introduce the commercial condominium
situated at 414 Clinch Ave in downtown, which comprises the ground floor,
basement, and mezzanine levels, totaling 8108 square feet. The office tenant
presently occupies the ground floor and mezzanine levels, with a flexible lease
arrangement in place, making it a valuable asset for any potential buyer. The
basement is presently in a shell condition and serves as storage for the current
owner. Furthermore, the condo has access to the basement from the front of the
building, allowing multiple tenants to use the space. Additionally, it's worth noting
that the two residential condos located above the commercial unit are under
separate ownership.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094LG01101
Is Condo?: Yes
Zoning: DK-G
Property Located Between: Clinch Ave & Walnut St
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1920
Construction/Siding: Stone
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,819 83,832 149,050
Median Age: 25.17 31.98 35.18
Households: 4,838 33,805 63,630


Photograph of Listing Agent

Matthew Strother

SVN I Wood Properties ETNRCRE Member
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