Cross Park Building D Entire First Floor

Office for Sale
Sale Pending
Catylist Listing ID: 30844999
Property Subtypes: Business Park, Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 25,145 SF
Gross Building Area: See Agent
Sale Price: $2,719,440
Property Use Type: Investment, Vacant/Owner-User
Building Name: Cross Park Plaza Building D
Class of Space: Class B
Usable Size (USF): 22,662 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

Whether you're an established business owner or an aspiring entrepreneur, this office condo unit is the ideal investment opportunity. Save on rent and build equity without the hassle of facility maintenance, which is all handled by the condo association (COA dues information available on request). Three first floor condo units, occupied through February 29, 2023, are currently being marketed for sale. These units can be purchased separately or together for a full-floor user, or you can own one/rent the other. Two of three units have undergone recent renovations. All units feature their own break room and private restrooms with a mix of office/open area and conference rooms.

Building D is located within the five-building complex known as Cross Park Plaza, home to AMS, and a variety of law firms and professional services. Convenient access off the Cedar Bluff exit in West Knoxville means you can be in Papermill or Farragut in 10 minutes. There is ample parking throughout the entire development, as well as covered spots and car-charging stations. Covered patios with picnic tables, a courtyard greenspace between the buildings, and walking trails throughout the complex provide plenty of spots for employees to take breaks. Within Cedar Bluff, this building is convenient to restaurants, hotels, banking, and the post office.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville/Knox County
Tax ID/APN: 119 03312 (J, K, L)
Is Condo?: Yes
Zoning: OP
Property Located Between: Park Village Rd and Cross Park Dr
Property Visibility: Excellent
Highway Access: Located two blocks from Interstate 40.
Airports: Less than 20 miles from McGhee Tyson Airport
Area Description: Convenient to both the Papermill and Farragut areas (both 10 min away) for easy commute with plenty of restaurant and retail amenities convenient for lunch breaks, meetings, shipping and mailing services, and supplies.
Total Number of Buildings: 5
Number of Stories: 2
Typical SF / Floor: 25,000 SF
Year Built: 1980
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Two-story building with bright blue awnings covering exterior stairwells, mature landscaping and florals, electric charging stations, solar panels providing covered parking, and sidewalks throughout the development.
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Zoning Description: OP
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,812 72,126 136,344
Median Age: 33.28 38.07 37.93
Households: 3,355 31,004 56,672


Photograph of Listing Agent

Louise R. Frazier, SIOR, CCIM, CPM

Blue Ridge Realty, Inc. ETNRCRE Member
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