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GATEWAY TO BASEBALL 600 E Magnolia

32,000 SF 100% Leased Industrial Building Knoxville, TN 37917 $6,945,603 CAD ($217 CAD/SF) 2.24% Cap Rate

Warehouses Tennessee Knoxville 600 E Magnolia, Knoxville, TN 37917

Investment 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.

Executive Summary

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.

Attachments

GATEWAY OM12302022

Data Room Click Here to Access

  • Offering Memorandum
  • Market Information

Property Facts

Price $6,945,603 CAD Lot Size 1.54 AC
Price Per SF $217 CAD Rentable Building Area 32,000 SF
Sale Type Investment or Owner User No. Stories 1
Cap Rate 2.24% Year Built 1925
Sale Conditions Redevelopment Project Parking Ratio 1.56/1,000 SF
Property Type Industrial No. Dock-High Doors/Loading 1
Property Subtype
Warehouse
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class C
Price $6,945,603 CAD
Price Per SF $217 CAD
Sale Type Investment or Owner User
Cap Rate 2.24%
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 1.54 AC
Rentable Building Area 32,000 SF
No. Stories 1
Year Built 1925
Parking Ratio 1.56/1,000 SF
No. Dock-High Doors/Loading 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Air Conditioning

Utilities

  • Gas
  • Water
  • Sewer
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600 E Magnolia, Knoxville, TN - aerial map view - Image1
600 E Magnolia, Knoxville, TN - aerial map view - Image2
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 095AM-00401 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $777,964 CAD

PROPERTY TAXES

Parcel Number
095AM-00401
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$777,964 CAD

zoning

Zoning Code I-MU (multi use. The City is very interested in helping with approvals for this property. The TIF is very favorable to developer..)
I-MU (multi use. The City is very interested in helping with approvals for this property. The TIF is very favorable to developer..)
(865) 679-4432

Contact

  • Listing ID: 24401020

  • Date on Market: 2021-11-01

  • Last Updated:

  • Address: 600 E Magnolia, Knoxville, TN 37917

The Industrial Property at 600 E Magnolia, Knoxville, TN 37917 is currently available for sale. Contact Brownlee Realty for more information.

Industrial PROPERTIES IN NEARBY NEIGHBORHOODS

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600 E Magnolia, Knoxville, TN for sale Building Photo- Image 1 of 4
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600 E Magnolia, Knoxville, TN for sale Aerial- Image 2 of 4
BASEBALL STADIUM
600 E Magnolia, Knoxville, TN for sale Aerial- Image 3 of 4
Building Photo

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GATEWAY TO BASEBALL | 600 E Magnolia
(865) 679-4432 x

GATEWAY TO BASEBALL | 600 E Magnolia

Mackey Brownlee

(865) 679-4432

(865) 679-4432

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