2401 Dutch Valley Dr Knoxville, TN 37918

Property Details for 2401 Dutch Valley Dr

Lot size

4.36 lot acres

Property size

117,200 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a +/- 117,200 square foot multi-tenant industrial building situated on a 4.359-acre lot in Knoxville, Tennessee. Located at 2401 Dutch Valley Dr, 37918, this property boasts excellent visibility from I-640, enjoying high traffic counts averaging 89,826 vehicles daily. The building is zoned Mixed-Use Industrial, offering considerable flexibility for future development or tenant diversification. Currently, a significant portion of the space is utilized as self-storage, complemented by a diverse tenant mix including a furniture warehouse, sports training facility, and a gym. The current blended occupied rental rate is $2.87 per square foot, significantly below the CoStar market rate of $8.33 per square foot, presenting a substantial opportunity to increase rental income and overall return on investment. The asking price is $4,300,000, translating to a land value of approximately $37 per square foot. This property offers a compelling combination of strong location, diverse tenancy, and significant upside potential for savvy investors seeking a high-return industrial asset in a thriving Knoxville market. The property's size and zoning provide ample room for expansion or redevelopment, catering to a wide range of potential uses.

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Longitude

-83.9269

Latitude

36.0173