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    1616 Grand Ave Knoxville, TN 37916

    Sponsored
    For Sale
    $3,200,000

    20,372 SF Medical Office - $3.2M

    Property size:
    20,372 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,372 square foot medical office building, located at 1616 Grand Avenue in Knoxville, Tennessee, presents a compelling investment opportunity. Situated in the desirable UT Campus area, this property boasts a strategic location with excellent visibility and accessibility. The asking price is $3,200,000, translating to a price per square foot of $157.08. The building's classification as a medical office ensures its suitability for a range of healthcare practices. Its substantial size offers ample space for expansion or multi-tenant occupancy. The property's address is 1616 Grand Ave, Knoxville, TN 37916. Its precise geographic coordinates are latitude 35.962366210313604 and longitude -83.93380183020481. This presents a rare chance to acquire a well-positioned medical office building in a thriving Knoxville neighborhood. The property's proximity to the University of Tennessee campus adds significant value, providing a large potential patient pool and a strong foundation for long-term growth and profitability. Serious inquiries are encouraged to explore this lucrative investment prospect further. Detailed financial information and property specifics are available upon request.

    Property Features for 1616 Grand Ave

    General Information

    Property type
    Medical offices
    Square Feet
    20,372 SF

    HighLights

    • 20,372 SF medical office building in Knoxville, TN.
    • Located in the desirable UT Campus area with excellent visibility and accessibility.
    • Asking price: $3,200,000 ($157.08/SF).
    • Suitable for various healthcare practices; ample space for expansion or multi‑tenant occupancy.
    • Address: 1616 Grand Ave, Knoxville, TN 37916.
    Property Profile Location Intelligence

    Current Use by Public Records

    CSL Plasma Blood Donation Center

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.933801830205
    Latitude
    35.962366210314

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    FAQs

    What type of property is this?
    Medical office - 20,372 SF Medical Office - $3.2M
    Where is this medical office located?
    The property is located at 1616 Grand Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 20,372 SF medical office building in Knoxville, TN.; Located in the desirable UT Campus area with excellent visibility and accessibility.; Asking price: $3,200,000 ($157.08/SF).
    Request Owner's contact information
    1616 Grand Ave Knoxville, TN 37916
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    Knoxville, TN 37916
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1616 Grand Ave Knoxville, TN 37916
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