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.

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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

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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


Photograph of Listing Agent

Matthew DeBardelaben

Avison Young ETNRCRE Member
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