314 Merchant DrKnoxville, TN 37912

Property Details for 314 Merchant Dr

Year built

1977

Construction

LIGHT FRAME

Lot size

8.15 AC

Property size (Sq ft)

78,682 SF

Property type

Retail properties

Property subtype

Strip malls

APN

068LB014

APU

068LB014

Description

Merchant Village Shopping Center offers exceptional office space in Knox County, Tennessee. This single-story, 81,400 square foot building boasts a prime location at 314 Merchant Road, directly accessible from I-75, and moments from I-640 and I-40. The property is zoned commercial and features four total suites, with flexible space options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 44,000 square feet. The building is undergoing a complete renovation, scheduled for completion in early 2025, ensuring modern and updated facilities for tenants. The property's versatility accommodates various office uses, including traditional, medical, and creative office spaces. Multiple tenancy is available, providing flexibility for businesses of all sizes. An outparcel is also available for ground lease, presenting an additional opportunity for expansion or complementary businesses. This location offers unparalleled convenience and visibility, making it an ideal choice for businesses seeking a high-traffic, easily accessible location. The property is situated near Merchant Drive, further enhancing its accessibility and visibility. The building's single-story design provides easy navigation and accessibility for all tenants and visitors.

• CAP approach

  CAP return

  Valuation

  6%

  $29,590,262

  6.5%

  $27,314,088

  7%

  $25,363,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,324,280

  Geo Method

  $16,324,280

• Alternative Use

  Use

  Valuation

  Residential

  $23,040,456

  Hospitality

  $21,104,934

  Educational

  $17,559,056

  Medical

  $18,162,940

  Retail

  $27,314,088

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

36.0082

Longitude

-83.9735

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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