2120 E Magnolia Ave

Retail-Commercial for Sale
Catylist Listing ID: 30841170
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 5,448 SF
Gross Building Area: See Agent
Gross Land Area: 7,800 SF
Sale Price: $400,000
Unit Price: $73.42 PSF
Ceiling: 16 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,448 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2023

Overview / Comments

This free-standing building located in Downtown Knoxville in a HUD Opportunity Zone. The 5,448 sq ft building features poured concrete floors with floor drainage at the rear part of the warehouse, ceiling heights ranging from 12-16 ft., as well as a 12x12 industrial roll-up door. This property is currently zoned as general commercial and is in the sector plan for MU-SD

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County and City of Knoxville
Tax ID/APN: 082ON005
Retail Clientele: General, Business
Property Visibility: Good
Largest Nearby Street: Hall of Fame Dr
Feet of Frontage: 50
Highway Access: Interstate 40, Interstate 75, Asheville Highway
Airports: McGee Tyson, DKX
Area Description: Located in a HUD Opportunity zone. Close to Interstates 40, 275, 75. Magnolia turns into Asheville Highway.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1925
Year Renovated: 1996
Roof Type: Flat
Construction/Siding: Block, Brick
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: Other
Interior Description: Poured concrete floors. Ceiling heights range from 12-16 ft. Floor drainage in the rear part of the warehouse. 12x12 industrial roll-up door.
Zoning Description: currently general commercial. is in the sector plan for MU-SD
Lot Frontage: 50
Lot Depth: 164.4
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: yes
Legal Description: Parcel ID/Tax ID 082ON005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,472 76,074 148,182
Median Age: 34.59 33.22 34.98
Households: 4,829 30,913 62,925
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