7209 Chapman Hwy - Office FOR SALE


Knoxville, TN 37920- Outer Southside
$2,700,000 USD
865-690-1111
7209 Chapman Hwy, Knoxville, TN for Sale
$2,700,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

7209 Chapman Hwy
Knoxville, TN 37920
Outer Southside


OVERVIEW

This asset offers a rare opportunity to acquire a high-potential income property with substantial upside for investors. With 26,760 square feet of versatile commercial space and predominantly vacant interiors, the property is ideally positioned for an investor seeking to stabilize and capture significant revenue growth. Currently, 5,480 SF is leased at $6,000 per month NNN, providing immediate baseline income with no landlord expenses. The remaining square footage offers a substantial lease-up opportunity. Based on market-supported proforma rents of $6,000/month (NNN) per upstairs unit and $3,000/month (NNN) per lower-level unit with roll-up doors, the property is capable of generating approximately $33,000/month or $396,000 annually once stabilized. County-only taxes. The upper level is easily divisible, suitable for professional office users, boutique retail, medical, or service-based tenants. The lower level, mostly open and highly adaptable, can accommodate showroom, flex, fitness, creative workspace, storage, or specialty retail concepts. The $2,700,000 list price is a full $400,000 below the pre-listing appraisal. Must view this property to appreciate the potential and compelling value-add play.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Service

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

GC

APN/PARCEL ID

137-176

ASK ABOUT THIS PROPERTY

Christa RosenbergWallace CommercialMore Info
865-690-1111

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Christa RosenbergWallace CommercialMore Info
865-690-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.