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    1104 Merchant Dr Knoxville, TN 37912

    Sponsored
    For Sale
    $1,139,940

    Prime Office Building, 8,444 SF, 5 Units

    Property size:
    8,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,444-square-foot executive office building, located at 1104 Merchant Drive in Knoxville, Tennessee, presents a compelling investment opportunity. The Class B property, situated on a 36,116-square-foot lot (APN 068NH007), boasts five individual units, making it ideal for a variety of uses. Completely renovated in 2023, the building features a new roof, updated HVAC system, modernized plumbing and electrical systems, fresh interior and exterior paint, and new flooring throughout. Currently, one 2,098-square-foot unit remains available for lease on the lower level. Its prime location off Clinton Highway at the main intersection of Merchant Drive ensures high visibility and accessibility. Zoned O for office use, this well-maintained property offers ample parking, a spacious and versatile layout, and a modern, professional aesthetic. The property's strong potential for rental income, combined with its desirable location and recent renovations, makes it an attractive investment for office building investors seeking a high-return opportunity in a thriving Knoxville neighborhood. The property's proximity to major amenities and services further enhances its appeal. This is a turnkey opportunity to acquire a high-quality, income-producing asset in a prime Knoxville location.

    Property Features for 1104 Merchant Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,444 SF
    Class
    B

    Building Details

    Year Renovated
    2023
    Units
    5

    HighLights

    • 8,444 SF multi‑tenant office building with five units.
    • Zoned O for office use.
    • Excellent North area location.
    • Ideal investment for office building owners or users.
    • Well‑maintained building.
    • Versatile floor plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brackett and Strunk, PLLC Bankruptcy Attorney Dr. Carl J. ... Family Practice Physician Aardvark Family Services Family Service Center The Hub Pro Studio ... Business Networking Company Brackett & Strunk Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9826727
    Latitude
    36.0029202

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Building, 8,444 SF, 5 Units
    Where is this office property / space located?
    The property is located at 1104 Merchant Dr Knoxville, TN.
    What is the asking price?
    The asking price for this property is $1,139,940.
    What are key features of this property?
    This property features: 8,444 SF multi-tenant office building with five units.; Zoned O for office use.; Excellent North area location.
    (865) 531-6400
    Request Owner's contact information
    1104 Merchant Dr Knoxville, TN 37912
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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
    1104 Merchant Dr Knoxville, TN 37912
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