600 E Magnolia - Warehouse FOR SALE


Knoxville, TN 37917
$4,900,000 USD
865-679-4432
600 E Magnolia, Knoxville, TN for Sale
$4,900,000 USD
Warehouse - FOR SALE
1/3
null | 2.24% Cap Rate

600 E Magnolia
Knoxville, TN 37917


HIGHLIGHTS

  • VISABLITY-- LOCATION-LOCATION-LOCATION - Best access to the new develpment a block away
  • The construction of the new baseball facility and adjacent developement is coming along very well. This property is a block away.

OVERVIEW

Excellent location for re-developement of exising, or new developement of mixed use - multi-family-office-retail.... Short walk to Old City and the new Knoxville Smokies baseball facilities and Knox One Soccer and retail/commercial/multifamily development - opening season 2025; and retail development; The property is located in the TFI District; making it very favorable with tax credits for redevelopment of multi-family & mix use, hotel, retail, etc... The property includes addresses of - 600 E Magnolia, 305 Randolph and 601 E Depot. It has a total land area of 1.54 acres and 32,000 sf of 1925 to 2005 vintage buildings. It is a purchase and redevelopment, or a purchase and hold property. It has a revenue of over $100,000 per year. Randolph Street is a direct access off Hall of Fame Drive and Magnolia Ave into the new and soon to be developed baseball stadium, and retail and multifamily facilities.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

2.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

GATEWAY TO BASEBALL

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

UTILITIES

Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.54

LAND SF

67,082

ZONING

I-MU

APN/PARCEL ID

095AM-00401

ASK ABOUT THIS PROPERTY

Mackey BrownleeBrownlee RealtyMore Info
865-679-4432

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Mackey BrownleeBrownlee RealtyMore Info
865-679-4432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.