1426 Elm St.

1426 Elm St., Knoxville, TN

$2,185,000

Price

5,000 sqft

Building Size

3.24 acres

Lot Area

Overview
Building Size
5,000 sqft
Lot Area
3.24 acres
Occupancy
100%
Class
C
Year Built
1968
Floors
2
Description

Prime opportunity to acquire a proven income-generating,100% leased building. Originally designed and built for BellSouth, the State of Tennessee Department of Corrections since, has been occupying the office building since 1995, while another tenant utilizes the garage space. The office building offers 18,296 SF situated on a 3.24 acre parcel, with ample parking space, covered and uncovered. Currently under market rents and a NOI of $191,234.14...act quickly!

This property is located in a multifaceted area, consisting of office, single family-residential, and industrial multi-use zones. Situated on Elm St., between W Woodland Avenue and W Scott Avenue, it has easy access to I-275 via the W. Oldham Avenue and W. Baxter Avenue ramps. This location also makes the property accessible to many of Knoxville's main thoroughfares.

Location