11420 Kingston PikeKnoxville, TN 37934

Property Details for 11420 Kingston Pike

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.55 AC

Property size (Sq ft)

27,563 SF

Property type

Retail properties

Property subtype

Strip malls

APN

142 143

APU

142143

Description

This exceptional retail opportunity is located at 11420 Kingston Pike in Farragut, Tennessee, a highly desirable area of Knox County. The property boasts a total of 43,019 square feet, with 3,529 square feet currently vacant and available for lease. Suites range from a minimum of 1,904 square feet to a maximum contiguous space of 3,529 square feet, offering flexibility for various business needs. The property is zoned C-1 Town of Farragut and sits on a 4.4-acre lot, providing ample space and convenient access. Its prime location, one lot from the intersection of Campbell Station and Kingston Pike, ensures high visibility and accessibility for customers. The property features multiple access points, simplifying ingress and egress. Its proximity to I-40 further enhances its strategic location. This retail center benefits from strong demographics, high traffic counts, and excellent visibility. The estimated net rent is $2.50 per square foot, making this a highly affordable option in a prime Farragut location. The property's former use included medical and travel agency space, offering adaptable layouts for various retail or office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $7,110,646

  6.5%

  $6,563,674

  7%

  $6,094,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,548,626

  Geo Method

  $13,548,626

• Alternative Use

  Use

  Valuation

  Residential

  $5,536,704

  Hospitality

  $5,071,591

  Educational

  $4,219,504

  Medical

  $4,364,620

  Retail

  $6,563,674

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.8797

Longitude

-84.1623

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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