Renovated 26,880 SF Office Building on 2.4 Acres with .75 Acre Lot

Office for Sale
Catylist Listing ID: 30855299
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Flex Space, Net Leased, Office Building, Other
Building Size (RSF): 26,880 SF
Gross Land Area: 3.15 Acres
Sale Price: $3,500,000
Unit Price: $130.21 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller, Other
Last Updated: 12/11/2023

Overview / Comments

26,880 SF Class A Office Building with 135 parking spaces and an adjoining .75-acre lot. NNN Tenant is currently leasing 7,000 SF through July 2025. 6500 SF fully renovated with floor to ceiling glass walls and new flooring. Building is currently being renovated to match the remainder of the Class A finishes as well as adding a commercial kitchen and additional bathrooms. Newly installed HVAC for the entire building.
Building is zoned B-2. Permitted uses include:
1. Retail and other commercial establishments including incidental manufacturing of goods for sale at retail on the premises provided, however, that the space devoted to manufacturing does not exceed twenty (20) percent of the gross floor area provided, further, that all materials are stored and all work that is done on the premises is done within a building.
2. Personal service establishments such as professional offices for doctors, dentists, lawyers, architects, artists, engineers and similar.
3. Private service establishments. This includes hotels, banks and similar financial institutions.
4. Public buildings and grounds other than schools.
5. Public and semi-public uses including public parks and public recreational facilities, auditoriums, theaters, and museums with or without tours.
6. Hotels.
7. Commercial recreational facilities excluding drive-in theaters and out-door recreation facilities.
Athens, TN is a strategic business operations location. McMinn County businesses are about 45 minutes from the Chattanooga and Knoxville regions and 2.5 hours to Nashville and Atlanta. Several interstates and highways, including direct access to I-75 deliver an unmatched transportation network reaching 200 million people within a 12-hour drive. Combined with commercial and freight air service ranging from regional to international airports, along with accessible rail service, shipping and receiving logistics are a strength across any industry segment.
4 Major business and industrial parks with excellent infrastructure already operate in McMinn County; 75 Regional Commerce Park, The North Etowah Industrial Park, Interstate Industrial Park and Mt. Verd Industrial Park.
McMinn County is a debt-free county and has one of the lowest tax rates in the country and a cost of living that’s over 30% less than the national average. This savings makes it easier to enjoy everything the county has to offer such as an incredible arts scene, diverse restaurants, festivals and outdoor recreation like golf and whitewater rafting.
Points of Interest:
Watts Bar Lake, a 39,000-acre recreation area. Choose from sailing, water skiing, or fishing.
Rafting and Kayaking on the beautiful Ocoee River is within easy reach.
Trout fishermen can enjoy a tranquil day of fishing on the Tellico River, one of the most scenic trout streams in America. Hiking, camping and fishing are also available at Bald River Falls or in the Cherokee National/Forest.
There are also several swimming and tennis facilities located in McMinn County as well as four golf courses: Ridgewood Golf Club, Springbrook Golf & Country Club, White Oaks Golf Course and Willow Springs Golf Course.
The area is also rich with mountains and many miles of river and lake shoreline which makes it a hunter’s dreamland.
Located nearby is the iconic Lost Sea, which is listed in the Guinness Book of World Records as the world’s largest underground lake.
Call today to schedule a tour.

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054056M B 07200
Property Located Between: W Washington Avuenue and N Hill Street
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 26,880 SF
Year Built: 1966
Parking Description: 360 degree parking around the building.
Total Parking Spaces: 135
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,473 15,129 23,198
Median Age: 35.68 39.97 40.58
Households: 1,399 6,182 9,414
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