900 Woodland AveKnoxville, TN 37917

Property Details for 900 Woodland Ave

Year built

1989

Construction

LIGHT FRAME

Property size (Sq ft)

6,800 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

081EL004

APU

081EL004

Description

This exceptional 6,800 square foot office building, located at 900 E Woodland Ave in Knoxville, Tennessee (zip code 37917), presents a compelling investment opportunity for owner-users or investors. Built in 1989, this Class B property features a two-story structure situated on a parcel with APN 081EL004 and zoned O. The building boasts 62 parking spaces and a 2018 HVAC system, ensuring comfort and convenience. Currently configured to accommodate multiple uses, the ground floor is fully equipped as a medical office, easily divisible into two separate suites. The upper floor is adaptable for either medical or general office space. This prime location enjoys high visibility, with approximately 11,000 vehicles passing daily, and is conveniently located near Lincoln Memorial University, NHC Healthcare, St. Mary's, and the Knoxville Police Department. The surrounding area has a substantial population of approximately 91,000 residents within a 3-mile radius. The asking price is $850,000. This property offers significant potential for an owner-occupant seeking to utilize all or a portion of the space, or for an investor looking to lease to multiple tenants. Its versatile layout and desirable location make it an attractive investment in a thriving Knoxville neighborhood, just two miles from downtown and with easy interstate access.

• CAP approach

  CAP return

  Valuation

  6%

  $1,739,662

  6.5%

  $1,605,842

  7%

  $1,491,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,844

  Geo Method

  $559,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,991,244

  Hospitality

  $1,823,969

  Educational

  $1,517,521

  Medical

  $1,569,711

  Retail

  $2,360,588

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9899

Longitude

-83.9252

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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