Rare Flex Office with Drive-through Garage/Warehouse

Office for Sale
Catylist Listing ID: 30835475
Property Subtypes: Mixed Use, Flex Space, Other
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Gross Land Area: 22,713 SF
Sale Price: $350,000
Unit Price: $106.06 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

PRICE IMPROVEMENT! Seller says "bring an offer" for this property that only needs interior completion. Unfinished now to accommodate buyer’s specific build-out.

IMPROVED PRICE and HARD TO FIND FLEX SPACE: Renovated office building and drive-through 52' x 21' garage, PLUS residential investment parcel suitable for building a duplex. Owner has done all preliminary zoning approvals, subdividing plan, site plan, new roof, windows, doors, systems upgrade work, and office framing to make this an attractive investment opportunity. The 3,300 SF flex space is approved for RN-2 and can accommodate an office with 9 parking spaces. 2,700 SF on first level (office and garage) and 600 SF second-level loft. Other neighborhood nonresidential reuse purposes may also be permitted. Buyer to verify. HVAC, electrical, and plumbing are NEW. Contractor-owner willing to finish interior to buyer's specs with approved offer.

Empty adjacent lot can accommodate a top and bottom 2 BR/2 BA duplex for income potential. Contractor-owner has drawings. Neighboring residential rental rates are $735 to $800/MO for 1-BR/1 BA units. Owner is in the process of splitting the parcel.


Finance Data Year 2023
Real Estate Taxes - Annual($) $581.85 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 071AA014
Zoning: RN-2
Site Description: Level - Residential neighborhood.
Area Description: I-640 to Millertown Pike south to Spring Hill Rd. Left onto McIntyre Rd. Left onto Payne. Left onto Obarr Rd.
Total Number of Buildings: 1
Number of Stories: 15
Year Built: 1930
Year Renovated: 2023
Roof Type: Other
Construction/Siding: Block, Stucco
Exterior Description: Stucco, new roof, new windows, new doors, new garage doors.
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: All systems are upgraded, interior framing completed and waiting for inspections before sheet rock installation. 5 offices, 1 half bath, 1 full bath, kitchenette. Drive-through garage.
Lot Frontage: 197

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,213 47,184 117,878
Median Age: 44.15 40.8 36.37
Households: 1,486 20,616 47,947


Photograph of Listing Agent

Christa Rosenberg

Wallace Commercial ETNRCRE Member
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