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

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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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