4512 Chapman HwyKnoxville, TN 37920

Property Details for 4512 Chapman Hwy

Year built

1985

Construction

WOOD

Lot size

8.46 AC

Property size (Sq ft)

78,968 SF

Property type

Retail properties

Property subtype

Community centers

APN

123BB003

APU

123BB003

Description

This exceptional 78,968 square foot medical office building, situated at 4512 Chapman Hwy, Knoxville, TN 37920, presents a unique investment opportunity. The single-story building, renovated in 2017, sits on 8.49 acres of land and features multiple tenancies. Currently, there are four available suites, with one suite measuring 2,415 square feet. The property boasts a prime location with high traffic counts and direct access to Chapman Highway, offering incredible visibility. Ample parking is available for tenants and visitors. The C-G-3 zoning allows for a variety of medical and health-related uses. This well-maintained center benefits from strong anchor tenants including Baptist Eye Surgeons, Southeastern Retina Associates, Planet Fitness, and Big Lots, ensuring a thriving and established commercial environment. The property's address is further identified by its cross street, Woodlawn Pk., and its APN is 123BB003. This is an ideal location for medical practices, health and wellness businesses, or a fast-casual cafe. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $29,697,820

  6.5%

  $27,413,372

  7%

  $25,455,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,383,617

  Geo Method

  $16,383,617

• Alternative Use

  Use

  Valuation

  Residential

  $23,124,204

  Hospitality

  $21,181,648

  Educational

  $17,622,882

  Medical

  $18,228,960

  Retail

  $27,413,372

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9326

Longitude

-83.902

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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