Tennessee Department of Children’s Services | 2600 Western Ave

Description:

Opportunity to acquire a facility on 9 acres with 270 parking spaces designed and built for the Tennessee Department of Children’s Services (DCS) in 2009. DCS has a lease through November 30th of this year with a new 10-year lease beginning as soon as current construction is completed, which should be by December or shortly thereafter.

The property includes two significant value add components. The sale includes a site to build up to a 20,000 building. Additionally once the seller completes the new buildout and the ten year lease starts, there will be a 6,478 SF suite to lease for added income. The property is perfectly located for DCS in Knoxville, TN, the second fastest growing city in the state of Tennessee.

Knoxville is a city on the Tennessee River in eastern Tennessee. Downtown
Knoxville never fails to attract attention with relatively narrow streets
reflecting its 18th-century origins, a public square of unusual shape, and
a variety of large buildings of different styles in brick and marble most of
them built before 1930. And most of it is on top of a 60-foot river bluff. It’s
a picturesque downtown, subtly unusual in its dimensions. Almost every
minute of every day, you see people posing for photographs on Gay Street or
Market Square or the Old City or World’s Fair Park.

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