Catylist ID:
#30838446
Multiple Uses for Prime Real Estate Opportunity
Office
for Sale
| Catylist Listing ID: | 30838446 |
| Property Subtypes: | Mixed Use, Office Building, Other |
| Building Size (RSF): | 16,393 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.77 Acres |
| Sale Price: | $2,960,000 |
| Unit Price: | $180.56 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/29/2023 |
Overview / Comments
|
Avison Young's Knoxville office is proud to represent 3930 Western Ave, a 16,393 square foot office building for sale or lease. This property is priced to sell at $2,960,000 or lease for $145,000 per year (NNN) making it an outstanding opportunity for investors, owner/occupants or tenants. The building's location is incredibly convenient, offering easy access to I-640, making it a highly visible and accessible site. The property features ample parking for users and visitors, and the varied layout provides endless possibilities for customization to meet a business's specific needs. The surrounding area is bustling with activity, with numerous retailers and fast-food restaurants located nearby. This prime location is close to Kroger, Home Depot, Lowe's, and other popular retailers. The size and position of the property presents a unique opportunity for redevelopment into a retail operation. The potential for repositioning the property makes it an even more attractive investment option. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 093EA001 |
| Zoning: | CG1 |
| Property Located Between: | I-640 & Western Ave |
| Property Visibility: | Excellent |
| Site Description: | Visible from the interstate! The size and position of the property presents a unique opportunity for redevelopment into a retail operation. The potential for repositioning the property makes it an even more attractive investment option. |
| Area Description: | The building's location is incredibly convenient, offering easy access to I-640, making it a highly visible and accessible site. The property features ample parking for users and visitors, and the varied layout provides endless possibilities for customization to meet a business's specific needs. The surrounding area is bustling with activity, with numerous retailers and fast-food restaurants located nearby. This prime location is close to Kroger, Home Depot, Lowe's, and other popular retailers. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1958 |
| Year Renovated: | 2021 |
| Parking Ratio: | 3.6 (per 1000 SF) |
| Parking Type: | Surface |
| Total Parking Spaces: | 57 |
| Passenger Elevators: | 1 |
| Interior Description: | Newly remodeled basement with great conference space and full kitchen. Main level offers executive offices and open bullpen area, perfect for cubes, as well as a full kitchen and plenty of storage. |
| Lot Frontage: | 200 |
| Lot Depth: | 454 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,501 | 78,813 | 190,362 |
| Median Age: | 33.67 | 31.18 | 34.72 |
| Households: | 2,949 | 31,486 | 81,823 |
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