7209 Chapman Hwy Knoxville, TN 37920

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.