1200 Merchant DrKnoxville, TN 37912

Property Details for 1200 Merchant Dr

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.11 AC

Property size (Sq ft)

6,080 SF

Property type

Medical offices

Property subtype

Medical centers

APN

068NH005

APU

068NH005

Description

This exceptional 2,382 square foot office space is ideally situated at 1200 Merchant Drive in Knoxville, Tennessee, zip code 37912. Located in a two-building complex constructed in 1959, this single-tenant space occupies the ground floor of one building, offering convenient access from the rear with dedicated parking. The property is zoned O and has a Knox County APN of 068NH005. The total building square footage is 6,040 square feet, with this suite comprising a significant portion. Currently a blank canvas, this space presents a unique opportunity for customization to perfectly suit your business needs. The layout includes approximately ten individual offices, two bathrooms, and a break room. The property's convenient location offers easy access from the I-75 and I-640 split, with clear directions provided: head north from the split, take the first exit onto Merchant Drive, turn left, proceed through the Clinton Hwy intersection, and turn into the parking lot behind the building marked by an Accellacare sign. This property represents a prime opportunity for businesses seeking a well-located, adaptable office space in Knoxville. The space is ready for a tenant build-out to create the perfect workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $1,555,463

  6.5%

  $1,435,812

  7%

  $1,333,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,566

  Geo Method

  $500,566

• Alternative Use

  Use

  Valuation

  Residential

  $1,780,407

  Hospitality

  $1,630,843

  Educational

  $1,356,842

  Medical

  $1,403,506

  Retail

  $2,110,644

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

36.002

Longitude

-83.9839

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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