2612 Blount AveKnoxville, TN 37920

Property Details for 2612 Blount Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

4,140 SF

Property type

Retail properties

Property subtype

Auto shops

APN

108EC016

APU

108EC016

Description

This exceptional investment opportunity presents a well-established auto shop located at 2612 W. Blount Ave, Knoxville, TN 37920. The property encompasses a 0.96-acre lot and features a 4,140 square foot building constructed in 1930, with a brand new roof installed in 2023. The building includes two offices equipped with air conditioning, while the garage area benefits from heating. Note that the air conditioning is limited to the office spaces only. This sale includes the land and building

• CAP approach

  CAP return

  Valuation

  6%

  $1,556,947

  6.5%

  $1,437,182

  7%

  $1,334,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,932

  Geo Method

  $858,932

• Alternative Use

  Use

  Valuation

  Residential

  $1,212,316

  Hospitality

  $1,110,475

  Educational

  $923,902

  Medical

  $955,677

  Retail

  $1,437,182

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9476

Longitude

-83.9198

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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