2401 Central St Knoxville, TN 37917
This 7,872 square foot flex space at 2401 N Central Street in Knoxville, TN, presents a unique investment opportunity. Located on a 0.15-acre lot, this two-story, 1923-built building offers high visibility and easy access. Currently zoned C-Commercial, the property's versatility allows for a wide range of uses, including hospitality, industrial, multifamily, office, or retail. The building's 7,872 square feet are housed within a single unit, providing ample space for creative development. Its historic charm and prime location just outside downtown Knoxville make it an attractive prospect for entrepreneurs seeking a distinctive space. The property's potential is further enhanced by its high visibility and convenient access, ideal for attracting customers and foot traffic. This is a rare chance to acquire a substantial commercial property with significant redevelopment potential in a thriving Tennessee market. The property's Class C designation reflects its age and potential for renovation, offering a buyer the opportunity to add value through upgrades and modernization. The parcel number is 081KA008, and the property is owned by Golden Assets, LLC. The asking price is $549,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.