Buy building, lease out extra space & have TENANTS PAY YOU RENT!

Office for Sale
Catylist Listing ID: 30518447
Property Subtypes: Executive Suites, Medical, Office Building, Other
Building Size (RSF): 3,720 SF
Gross Building Area: See Agent
Sale Price: $460,000
Unit Price: $123.66 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2020

Overview / Comments

Location: 45K vehicles drive by on a daily basis!
Value: $50K reduction in price!

Medical businesses (Emergency care, pain management, etc.) have operated in this 3720 SF space, however there are so many other industries which could thrive in this location.

6 offices/rooms are upstairs and 8 offices/rooms are downstairs which could open the door for an owner/user. Lease out individual offices or an entire floor and have monthly mortgage monies absorbed by professional tenants! Get creative with the space, remove some walls, and open up a co-working space!

Besides the 4 restrooms: more than 6 offices are plumbed! Possibilities galore for a barbershop, salon, nail spa, dog groomer/boarder, etc. 2 entrances, 2 parking lots, and 17 parking spaces!

Business professionals who could thrive in this space:
Medical professionals, Chiropractors, Massage Therapists, Urgent Care, Sleep Study, etc.
Barbershops, Salons, Nail Spas, Dog groomer/boarder, Veterinarian, etc.
Offices for Mortgage, real estate, insurance, financial advising, marketing, and advertising professionals just to name a few.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 093FA011
Property Visibility: Excellent
Highway Access: I-640 & I-75 access < 1 mile
Airports: McGhee Tyson: 16 miles
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,860 SF
Year Built: 1982
Roof Type: Flat
Construction/Siding: Block, Concrete, Stucco
Parking Type: Surface
Parking Description: 2 Parking lots, asphalt.
Total Parking Spaces: 17

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 75,302 185,121
Median Age: 32.9 31.17 34.51
Households: 3,159 30,821 79,607
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.