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3600-3606 Western Ave 7,029 SF Retail Building Knoxville, TN 37921 $950,000 ($135.15/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- HIGH TRAFFIC COUNT 2023 ADT 19,370 DAILY
- 70% LEASED - 9.5 YEARS LEFT
- CORNER LOT WITH REAR ALLEY
EXECUTIVE SUMMARY
70% LEASED ON A MODIFIED GROSS LEASE - MAJOR TRAFFIC COUNT - 9.5 CAP ON PROFORMA!!
Excellent location just 1/2 mile East of I-640 with plenty of parking & 70% occupancy. The vacant 2000 sqft
is perfect for an owner occupant who desires income from the existing tenant (Knoxville Liquor) to pay
their mortgage. 3600-06 Western is a prime commercial property currently zoned C-G-1 and ideally
situated in the heart of the Knoxville MSA area, ensuring high visibility and exposure to significant traffic
volume with a 2023 ADT of 19,370 daily
Excellent location just 1/2 mile East of I-640 with plenty of parking & 70% occupancy. The vacant 2000 sqft
is perfect for an owner occupant who desires income from the existing tenant (Knoxville Liquor) to pay
their mortgage. 3600-06 Western is a prime commercial property currently zoned C-G-1 and ideally
situated in the heart of the Knoxville MSA area, ensuring high visibility and exposure to significant traffic
volume with a 2023 ADT of 19,370 daily
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,600
|
$9.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,600
|
$9.48
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $66,600 |
| Annual Per SF | $9.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,600 |
| Annual Per SF | $9.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,029 SF
Building Class
B
Year Built
1950
Price
$950,000
Price Per SF
$135.15
Cap Rate
7.01%
NOI
$66,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.89 AC
Zoning
C-G-1
Parking
26 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
92’ on WESTERN AVE
AMENITIES
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Knoxville Liquor Land
- Retailer
- 5,000 SF
- $1.11
- Triple Net
- Sep 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Knoxville Liquor Land | Retailer | 5,000 SF | $1.11 | Triple Net | Sep 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $0 (2025) | Total Assessment | $220,840 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$220,840 (2025)
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3600-3606 Western Ave
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