Vestal Area Office/Retail for Sale or Lease
Office
for Sale
| Catylist Listing ID: |
30838210 |
| Building Size (RSF): |
2,224 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
20,184 SF
|
| Sale Price: |
$699,999 |
| Unit Price: |
$314.75 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Vest Studios |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/27/2023 |
Overview / Comments
|
Please contact the agent for more information about this listing.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
109PM020 |
| Zoning: |
C-N |
| Property Located Between: |
Martin Mill Pike & Ogle Ave |
| Property Visibility: |
Good |
| Highway Access: |
0.6 mi/2 min to Hwy 441/Chapman Hwy |
| Airports: |
10.5 miles/17 min. to McGhee Tyson Airport |
| Area Description: |
Vest Studios is located in the Vestal neighborhood, minutes from downtown, UT, and the Knoxville Urban Wilderness. The property is nestled between the Mary Vestal Greenway and a free City parking lot. It features two covered porches, a large outdoor lawn, and food truck pad with hook-up. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1935 |
| Exterior Description: |
Vest Studios rests on 0.46 acres in the heart of Vestal. The 1935 structure has been completely remodeled and updated with modern amenities and is ready for immediate occupancy. Vest Studios includes a large rear lawn nested against an active creek and the trailhead for the Mary Vestal Greenway. Beside the building there is a concrete pad for a food truck including 220V power hook up and water. |
| Parking Type: |
Other |
| Parking Description: |
The City of Knoxville has approved a no-parking variance for the site as the adjacent city lot has 14 parking spaces as well as on the street parking. |
| Interior Description: |
The building includes a large room in the entrance, three interior rooms, and a kitchen with refrigerator and dishwasher. All appliances and services including the HVAC are brand new. There is a storage closet and two-single occupancy restrooms. The covered porch at the entrance of the building is ripe for outdoor seating, as is the covered balcony overlooking the back lawn. The building includes a semi-finished basement with power for a kiln, and clay trap with work sink. There is also a larger storage room in the basement. |
| Zoning Description: |
Commercial Neighborhood with an Opportunity Zone overlay |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,331 |
57,059 |
122,103 |
| Median Age: |
30.24 |
31.4 |
34.49 |
| Households: |
2,379 |
22,277 |
50,735 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither East Tennessee Realtors nor
Moody's assume any liability for errors or omissions.
|
