7209 Chapman Hwy
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7209 Chapman Hwy
26,760 SF Office Building Knoxville, TN 37920 $4,056,975 CAD ($152 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
26,760 SF
Building Class
B
Year Built
1969
Price
$4,056,975 CAD
Price Per SF
$152 CAD
Tenancy
Multiple
Building Height
2 Stories
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 CAD |
| Land Assessment | $0 CAD | Total Assessment | $663,579 CAD |
PROPERTY TAXES
Parcel Number
137-176
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$663,579 CAD
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7209 Chapman Hwy
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