For Sale
$4,500,000

525 Portland StKnoxville, TN 37919

Historic Office Building, 22,941 SF, $4.5M

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 22,941-square-foot office complex, situated on a 3.23-acre lot in Knoxville, Tennessee, presents a unique investment opportunity. The property, located at 525 Portland St NW, 37919, boasts a prestigious address with convenient access to I-475, Kingston Pike, the University of Tennessee campus, and downtown Knoxville. Originally constructed in 1923, the building has undergone a complete renovation, resulting in a "Triple A" condition. The property is zoned I-MU, offering flexibility for various uses. On-site amenities include a basketball court and a gym, catering to employee wellness. Ample parking is available, with additional land providing potential for future expansion. The property's current tenant has a lease that extends until April 15, 2024. The asking price is $4,500,000, translating to a price per square foot of $196.16. This presents a compelling investment opportunity in a thriving Knoxville location. The property's size, location, and amenities make it an ideal choice for a variety of businesses seeking a high-quality office space. The existing tenant occupancy provides immediate cash flow, while the potential for future expansion offers significant long-term value.

Property Details for 525 Portland St

Property type
Office properties, Office space
Square Feet
22,941 SF
Lot Size (sq. ft)
140,699 SF

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
35.9569857
Longitude
-83.9551593
525 Portland St, Knoxville, Tennessee

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525 Portland St
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