201 5Th Ave Knoxville, TN 37917
- Residential income homes
- 15,688 SF
- 0.19 lot acres
Current Use by Public Records
- The Upcoming Events / Event Management Company / Service Establishment
- The Lucerne Condos / Condominium Complex
Property Details for 201 5Th Ave
- Year built
- 1910
- Construction
- WOOD FRAME
- Lot size
- 0.19 lot acres
- Property size
- 15,688 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 094DM023
- APU
- 094DM023
Description
This exceptional retail opportunity is located at 201 W 5th Ave in Knoxville, Tennessee, within the vibrant heart of the city. The property, built in 1910, offers a total of 15,688 square feet of commercial space, with two available units totaling 3,850 square feet of raw shell space. Each unit is divisible, with a minimum leasable area of 1,800 square feet and a maximum contiguous space of 2,050 square feet. The units can be leased individually or combined to accommodate a variety of business needs. This prime location boasts excellent visibility from the interstate, providing high traffic exposure. The property is conveniently situated within walking distance of the Old City, popular breweries, restaurants, and shopping, making it an ideal location for businesses seeking high foot traffic and a thriving community atmosphere. Its proximity to the University of Tennessee also presents a significant opportunity to tap into the student and faculty market. Ample surface parking is available for customers and employees. The large lot size of 523,373,400 square feet ensures ample space and potential for future development. This is a rare chance to establish a business in a highly desirable and accessible location in downtown Knoxville, Knox County, TN 37917. The property is currently a raw shell, offering the flexibility to customize the space to meet specific business requirements.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,870,000
- 6.5%
- $4,805,000
- 7%
- $5,470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,705,000
- Geo Method
- $5,435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,100,000
- Retail
- $4,875,000
- Mixed-Use
- $5,115,000
- Hospitality
- $4,045,000
- Educational
- $4,565,000
- Residential Income
- $4,240,000
- Energy
- $4,985,000
- Income-Based Land
- $5,210,000
- Food Service
- $4,790,000
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9223
- Latitude
- 35.9734
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
