For Sale $4,300,000
Property Type Industrial - Storage
Property Size 117,200 SF
Lot Size 4.36 Acre
Property Tenancy Multi-Tenant
Date Updated Feb 15, 2024
Dock High Doors 5
Grade Level Doors 8
HVAC None

The subject property is centrally located in Knoxville Tennessee near the intersection of I-640 and Broadway.NAI is pleased to present the opportunity to acquire a +/- 117,200 square foot multi-tenant industrial building for less than $37 per square foot. The building is located on 4.359 acres of land zoned Mixed-Use Industrial. The site has excellent visibility from I-640 with an average daily traffic count of 89,826. A large portion of the building is being used as self-storage. Other tenants include a furniture warehouse, sports training, and a gym. The blended occupied rental rate is only $2.87/SF. CoStar has the market rental rate per area at $8.33/SF. This gives an investor a great opportunity to significantly increase its rate of return. Note – This is an equitable interest sale offering. Also, a portion of the property lies in a flood zone per FEMA Flood Map (47093C0143G effective date August 05, 2013).

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Contacts

James Roberson

NAI Koella RM Moore

(865) 777-3038

Location

Getting Around

Walk Score ®
48/100 Car-Dependent
Transit Score ®
28/100 Some Transit
Bike Score ®
37/100 Somewhat Bikeable

Map
Street

City Knoxville, TN
Neighborhood Fountain City
Zip Code 37918
Market Knoxville

Points of Interest

Jackson Terminal

3.33 miles
Three Rivers Rambler

4.27 miles

Exxon

1.30 miles
Pilot

1.51 miles
Kroger

1.67 miles
Marathon

2.36 miles
Delta

2.45 miles
Pilot

2.46 miles
Mobil

2.49 miles
Exxon

2.76 miles
Pilot

2.84 miles
Quik Stop

2.91 miles

Jackson Lot

3.27 miles
SP+

3.35 miles
Jackson Avenue Lot

3.39 miles
Marble Alley Lofts Garage

3.51 miles
Promenade Garage

3.56 miles
Civic Auditorium and Coliseum Garage B

3.58 miles
Civic Auditorium and Coliseum Garage A

3.61 miles
Market Square Parking Garage

3.63 miles
State Street Parking Garage

3.63 miles
Summer Place Parking Garage

3.66 miles

Buddy's Bar-B-Q

0.30 miles
Hardee's

0.57 miles
Shoney's

0.63 miles
Taco Bell

0.72 miles
Bojangles'

0.72 miles
Wingstop

0.72 miles
Knox Burgers

0.74 miles
The Chop House

0.74 miles
Chop House

0.75 miles
Panera Bread

0.75 miles

Big Lots

0.64 miles
Kroger

1.11 miles
Food City

2.84 miles
Food City

3.49 miles
ALDI

3.50 miles
Walmart Supercenter

3.52 miles
Mast General Store

3.56 miles
Kroger

3.60 miles
The Market at Union & Gay

3.63 miles
Food City

3.66 miles

CVS Pharmacy

0.76 miles
Norwood

3.08 miles
Walgreens

3.13 miles
The Phoenix Pharmacy and Fountain

3.58 miles
Fire Station 1

3.66 miles
University of Tennessee Police Department

4.00 miles
Fort Sanders Regional Medical Center

4.20 miles
Walgreens

4.23 miles
East Tennessee Childrens Hospital

4.30 miles
CVS Pharmacy

4.40 miles

Frequently Asked Questions

What is the lease rate for Value-Add Multi-Tenant Industrial?

Rental asking rate at Value-Add Multi-Tenant Industrial is $2,150,000.00/YR.

What is the total square footage of Value-Add Multi-Tenant Industrial?

Value-Add Multi-Tenant Industrial totals 117,200 square feet.

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