Office/Retail Mix on Signalized Corner Fully Leased

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30860406
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 1,320 SF
Gross Building Area: See Agent
Gross Land Area: 0.53 Acres
Sale Price: $379,000
Unit Price: $287.12 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2023

Overview / Comments

This office/retail mix space sits at the signalized intersection of N Broadway St and Edgewood Ave. The outside of the building has 2 spaces for signage attached to the building and is newly painted with new siding on the storage building and gutters.

The property is 1,320 SF with 1 bathroom, 2 offices areas, a full kitchen and a larger area for retail merchandise or a customer service area. The owner has completely remodeled the building interior having replaced the flooring, interior doors, and walls, which also have been freshly painted. The plumbing and electric have been updated. The property is located in a high traffic area along with a traffic count of 16,786 daily. Parking lot in good condition with 8 parking spaces and 2 Tesla charging stations attached to the side of the building. This space is currently fully occupied and leased by a single tenant.

Please do not disturb tenants.


Finance Data Year 2022
Real Estate Taxes - Annual($) $2,599 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081DB01202
Zoning: C-G-2
Site Description: Level
Area Description: Head northeast on I-40 E. Take Exit 389 toward US-441 N/Broadway. Use any lane to turn left onto Hall of Fame Dr. Slight right onto N Broadway. Pass by Burger King (on the right in 0.8 mi). Destination will be on the left.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1930
Year Renovated: 2023
Parking Type: Surface
Lot Frontage: 123

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,390 88,368 164,715
Median Age: 37.21 34.5 35.09
Households: 6,545 38,280 69,865


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