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Managed Self-Storage Facility
For Sale
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Pending

1641 Downtown West Boulevard, Knoxville, TN 37919

High-occupancy storage property with additional units currently offline pending roof work.

Property Size39,054 SF
Days on Market78

Property Features for 1641 Downtown West Boulevard

General Information

Standard status Pending
Size 39,054 SF
Total Parking Spaces 12
Property subtype Self Storage
Occupancy 83%
Net Operating Income $278,981

Additional Details

Asking Price $4,300,000

Building Details

Year Built 1984
Buildings 7
Units 276
Listing Agency: Matthews
Listed By: Austin McLeod · License #394903
Source: Crexi
Added: Aug 3 Changed: Oct 18 Last Checked: Oct 19 at 4:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

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Investment Insights

Based on property information with market context.

This self-storage facility contains 39,054 rentable square feet and was built in 1984. Online units are 99% occupied, with only 2 vacancies reported. The property also includes 45 offline units totaling 5,863 square feet; roof work is required before those units can return to service, and repair quotes are available.

Located at 1641 Downtown West Boulevard in Knoxville, Tennessee, the facility benefits from daily traffic of 25,990 vehicles. The surrounding 5-mile trade area has no planned self-storage developments identified in the available market information. Average household income exceeds $130,000 within both the 3-mile and 5-mile areas, while 2025 populations are reported at 71,018 and 139,360, respectively.

Key Highlights

  • 39,054 rentable square feet of self‑storage space
  • 99% occupancy among online units, with only 2 vacancies
  • 45 offline units totaling 5,863 square feet

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

Demographics for 37919, TN

30,822
Population
15,499
Households
2
Avg Household Size
38
Median Age
58%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,614
Density / Sq Mi
$71,863
Median Household Income
$44,968
Median Earnings
$1,247
Median Rent
$453,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - High-occupancy storage property with additional units currently offline pending roof work.
Where is this self storage facility located?
The property is located at 1641 Downtown West Boulevard Knoxville, TN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 39,054 rentable square feet of self‑storage space; 99% occupancy among online units, with only 2 vacancies; 45 offline units totaling 5,863 square feet
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