3840 Holston Drive, Knoxville, TN for sale

Investment Overview

Current owner will vacate upon a sale or lease of the property. Excellent investment! With a large building, more than an acre of land, and a position in the path of growth, 3840 E Magnolia Avenue is an opportunity for owner-users, investors and tenants to establish an early presence in one of Knoxville’s emerging corridors. This opportunity includes a 15,550 SF free-standing building and an adjacent 1,660 SF unit situated on a 1.27-acre lot in the heart of East Knoxville, a rapidly revitalizing area. This property offers flexible C-G-2 zoning, its ideal for retail, office, warehouse use or redevelopment. It features high visibility, ample parking, and convenient access to Magnolia Avenue and I-40, benefiting from a high traffic count of 11,978 cars per day. Building includes a glass storefront, a loading dock, newer ceilings and lighting. Freezers, grocery equipment, security system can also convey with the sale.​ Highlight: No action environmental letter has been received from the City.

Investment Highlights

• No action environmental letter has been received from the City.
• Burlington Streetscape improvements are underway around the property.
• Located within the KCDC redevelopment zone, therefore its eligible for TIF and Pilot.