TVA Credit Union - 58,000 sq ft on Gay St
Office
for Sale
Also listed as Hospitality
| Catylist Listing ID: |
30858144 |
| Property Subtypes: |
Business Park, Executive Suites, Coworking, Governmental, Institutional, Mixed Use, Flex Space, Office Building
|
| Building Size (RSF): |
58,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$16,500,000 |
| Unit Price: |
$284.48 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Usable Size (USF): |
58,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/5/2023 |
Overview / Comments
A standalone structure situated at the prominent intersection of Wall Avenue and Gay Street, this building formerly served as the headquarters of the TVA Credit Union. Offering an impressive 58,000 square feet of space, this facility presents a versatile canvas for potential development, spanning a spectrum of uses such as mixed-use, office, multifamily, or hotel accommodations. With an investment exceeding $800,000 in demolition and preparation work, the building's structural integrity is primed for development to meet future requirements.
Additionally, the property is available for lease, and for those seeking the entirety of the building, it can be secured at $18 psf.
For inquiries or to schedule a viewing, please do not hesitate to contact Orel Brodt at (865) 621-0670.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
094LD032 |
| Zoning: |
DK-H |
| Property Located Between: |
Wall Ave and Gay St |
| Property Visibility: |
Excellent |
| Year Built: |
1956 |
| Year Renovated: |
1986 |
| Roof Type: |
Flat |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,512 |
84,884 |
150,557 |
| Median Age: |
25.58 |
32.14 |
35.1 |
| Households: |
5,151 |
34,543 |
64,401 |
|
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