Medical/Office Near UT, Sequoyah Hills, Tyson Park & Downtown

Office for Sale
Catylist Listing ID: 29983681
Property Subtypes: Executive Suites, Medical, Office Building
Building Size (RSF): 13,100 SF
Gross Land Area: 1.40 Acres
Sale Price: $2,450,000
Unit Price: $187.02 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 303 Concord
Class of Space: Class B
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.8%
Last Updated: 8/22/2017

Overview / Comments

Strong medical tenant users in place.

303 Concord is conveniently located near the intersection of Kingston Pike and Alcoa Highway in the southwest quadrant of Knoxville. It is easily accessible to several of the city’s major thoroughfares, including I-40, Kingston Pike, and Alcoa Highway. It’s only 1.5 miles to downtown Knoxville and is within walking distance to the University of Tennessee campus.

It addition to its close proximity to UT and downtown, the office center is convenient to a number of medical facilities, including the University of Tennessee Medical Center, Fort Sanders Regional Medical Center, and East Tennessee Children’s Hospital. Ideal for medical and dental tenants, the complex offers 70 parking spaces.

The 1.4-acre landscaped property is situated adjacent to Tyson Park, which offers running and biking trails, 14 tennis courts, 2 softball fields, and a Tony Hawk Foundation Skate Park. Tyson Park is bisected by Third Creek Greenway, which connects to Neyland Stadium and the Bearden Greenways, providing an east to west thoroughfare for pedestrians and cyclists.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Property Located Between: Sequoyah Hills and Campus
Property Visibility: Excellent
Highway Access: I-40/I-75/Alcoa Highway
Airports: TYS
Site Description: SITE DRIVERS • Hub of activity - surrounded by a multitude of businesses, office buildings, retail shops, restaurants, and residential areas • Flexible floor plans can accommodate multi-tenant and single tenant options for a variation of offices • 14,200 total square feet
Area Description: 303 Concord offers a prime location in a vibrant area. Easy access to Kingston Pike, University Commons, the University of Tennessee, Sequoyah Hills, I-40/I-75, 129/Alcoa Highway, Downtown, and Sutherland. Totally renovated 2014-2016.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,100 SF
Year Renovated: 2015
Roof Type: Hip
Exterior Description: New exterior in 2015
Parking Type: Surface
Parking Description: Surface lot
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, DSL, Satellite
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,764 76,991 164,459
Median Age: 23.72 31.11 34.93
Households: 3,799 31,494 70,362

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