7209 Chapman Hwy Knoxville, TN 37920
- Casinos
- 27,000 SF
Current Use by Public Records
- Online Development Inc / (Bike/Boat/Book/etc) Store / Corporate Office
- Mays Richard H MD / Pediatrician / Physician
- Abundant Life Family Practice / Medical Clinic
- Softing Inc. / Factory / Industrial Manufacturer
- Morgan Melissa R / Physician
Property Details for 7209 Chapman Hwy
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Property size
- 27,000 SF
- Property type
- Casinos
- APN
- 137 176
- APU
- 137176
Description
This exceptional two-story, 26,760 square foot executive office building in Knoxville, Tennessee, presents a compelling investment opportunity. Located at 7209 Chapman Hwy, this Class B property boasts a main level of 13,380 square feet and sits on a 0.91-acre lot (APN 137 176). Currently, a portion of the building (5,480 square feet) is leased to Abundant Life Family Practice until December 31, 2024, generating $6,000 per month in net-net-net (NNN) rent. The remaining space, approximately 21,280 square feet, will be vacant on May 1, 2024, offering significant potential for owner-occupancy or further leasing. The building features a rubber roof, three-phase wiring, and ample parking. This property is priced below appraised value, providing a strong return on investment. The asking price is $2,850,000, translating to $110.24 per square foot. The building comprises eight units across two stories, constructed in 1970. A new owner can collect $29,500 NNN per month from closing until May 1st, in addition to the existing $6,000 monthly NNN lease until the end of the year. This is a gross lease, multi-tenant property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $505,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.8513
- Latitude
- 35.9094
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
