2725 Governor John Sevier HwyKnoxville, TN 37914

Property Details for 2725 Governor John Sevier Hwy

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.50 AC

Property size (Sq ft)

4,186 SF

Property type

Medical offices

Property subtype

Medical centers

APN

097 03301

APU

9703301

Description

This exceptional 4,186 square foot Class B medical office building in Knoxville, Tennessee, presents a unique investment opportunity. Located at 2725 E Governor John Sevier Hwy, this single-story property sits on a generous 4.9 acres of land, including 2.5 acres of vacant land, offering significant expansion potential. The building is ideally situated at the entrance/corner of the Forks Of The River Industrial Park, ensuring high visibility and accessibility. Currently configured as a medical office, the space features several exam rooms, a nurses/doctor station, a reception area with a waiting room, a break room, and ample storage. The layout also includes a potential drive-thru, adding to its versatility. Previously used as a financial institution, the building is easily adaptable to other uses, such as general office or retail space. The asking price is $1,100,000, translating to $262.78 per square foot. This property offers a compelling combination of existing medical office space and significant undeveloped land, making it an attractive investment for a variety of uses and future growth. The property's location and adaptability make it a highly desirable asset in the Knoxville market. The 37914 zip code provides easy access to major transportation routes and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,070,916

  6.5%

  $988,538

  7%

  $917,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,633

  Geo Method

  $344,633

• Alternative Use

  Use

  Valuation

  Residential

  $1,225,787

  Hospitality

  $1,122,814

  Educational

  $934,168

  Medical

  $966,296

  Retail

  $1,453,150

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9597

Longitude

-83.8227

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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