7209 Chapman Hwy
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7209 Chapman Hwy
26,760 SF Office Building Knoxville, TN 37920 £2,258,141 (£84/SF)
Investment Highlights
- Prime location with access to HWY-441.
- The property features a rubber roof, 3-phase wiring, and ample parking, offered at a price below its appraised value.
- Opportunity for retail/office development.
Executive Summary
This building has a main level consisting of 13,380 square feet. The Abundant Life Family Practice has a lease on 5,480 square feet until December 31,2024 and is paying $6,000 per month NNN. The balance of the space upstairs and the lower level is leased until May 1, 2023 and then will be vacated. Triple net at $15,500 for January and February and $29,500 for March and April.
The building has a rubber roof, 3 phase wiring and adequate parking. This property is being offered at a price below the appraised value.
The building has a rubber roof, 3 phase wiring and adequate parking. This property is being offered at a price below the appraised value.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Development Sale
Property Type
Building Size
26,760 SF
Building Class
B
Year Built
1969
Price
£2,258,141
Price Per SF
£84
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
13,380 SF
Building FAR
0.70
Lot Size
0.88 AC
Zoning
GC - General Commercial
Parking
45 Spaces (1.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Kitchen
- Secure Storage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 137-176 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £369,353 |
PROPERTY TAXES
Parcel Number
137-176
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£369,353
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7209 Chapman Hwy
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