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Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 10,942 sqft
Price per Sqft $47
MLS Listing ID 257177
Sold Date 11/02/23
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 1925
Annual Tax Amount $4,819
Tax Year 2019
Lot Size 0.970 Acres
Acres 0.97
Property Sub-Type Other
Property Description
Multi-Purpose use building, so MUCH opportunity in the heart of Knoxville. This incredibly historic brick building is framed with soaring Georgian columns encompassing the 2 story covered concrete porch. This piece of history on Magnolia Ave sits on 2 over sized lots touching 2 streets and totaling just at 1 acre. A large section of the land is hard top for parking and recreation. There is a fenced area and covered portico. Both of the 2 levels have drive-up loading access. As you enter the huge lobby area with soaring ceilings and tons of light you have access to the enormous sanctuary or hall and stairs leading to other sections of the building. The main level has the lobby, sanctuary, common living/ meeting or hall room, 2 other small rooms and 2 half bathrooms. On the upper level there is a 1- bedroom apartment (with current m/m tenant), with full kitchen, living room, bedroom and full bathroom; 4 other rooms and a huge 3rd sanctuary, living or meeting room. Beyond that is a back section with 3 huge rooms and now serving a commercial industrial tenant. There is another commercial space on the main back area now serving a commercial tenant. There are lovely wood floors throughout both levels. Some updating and remodel has been done over the last 10 years. Don't miss this opportunity for repurposing of one of Magnolia's finest buildings.
Location
State TN
County Knox
Zoning C-2
Direction From I 40, Asheville Hwy turns to Magnolia Ave. Building on left. No sign.
Rooms
Basement Dirt Floor
Interior
Heating Central, Electric
Cooling Central Air, Electric
Exterior
Exterior Feature Lighting
Parking Features On Site, Paved
Fence Fenced
Utilities Available Electricity Connected, Internet Available, Water Connected
Street Surface Paved
Road Frontage City Street
Building
Structure Type Brick
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Fee Simple Improved
Listing Terms 1031 Exchange, Cash, Conventional, Fee Simple Improved
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