203 Letterman Road Southwest

Knoxville, TN 37919

Listing ID: 196544
$1,925,000
For Sale
  • Property Type Industrial : Flex/Office Warehouse
  • Lot Size Acres 1.570
  • Building Sq Ft 23,208
  • Building Price per Sq Ft $82.95
  • Land Sq Ft 68,389
  • Land Price per Sq Ft $28.15
Description

Well located flex property in Bearden. Excellent access to I-40/75, Kingston Pike, and Northshore Drive. With fantastic dining, shopping, and recreational opportunities nearby this is one of the most convenient places to work in Knoxville. This property is well suited for a construction company due central regional location, interstate access, and proximity to construction supply and rental stores. This property is located in the flood plain and a portion of the property is in a railroad easement. The lease with the railroad is $780 per year plus the current CPI index (2020 was $796.32). 2,076 sf of 5911 Echo is leased for $24,912 per year, modified gross and renewals are to be negotiated between landlord and tenant. The current FEMA Flood Insurance Policy is $7,444 per year and if you'd like excess coverage, we have received a quote for $4,644.53 per year.

203 Letterman - 12,360 SF total (3,980 SF Garage and 8,380 SF Office)

5911 Echo - 9,600 SF warehouse with two (2) grade level doors and two (2) 10'x8' dock doors, 19' at eave, and floor drains

The Annex - 1,248 SF detached office

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,07042,419139,129
Population Median Age413936
Population by Age0-9 Yrs329 (8%)4598 (10%)15887 (11%)
10-19 Yrs422 (10%)3953 (9%)17838 (12%)
20-29 Yrs678 (16%)8631 (20%)31306 (22%)
30-39 Yrs564 (13%)6146 (14%)18362 (13%)
40-49 Yrs598 (14%)5012 (11%)15027 (10%)
50-59 Yrs556 (13%)4697 (11%)15617 (11%)
60-69 Yrs463 (11%)5027 (11%)12958 (9%)
70+ Yrs459 (11%)4356 (10%)12135 (8%)
Median HH Income$61,325$52,216$49,326
Total Household Income< 24K386 (20%)4514 (23%)14775 (26%)
25-49K435 (23%)4864 (25%)13925 (24%)
50-74K260 (13%)3194 (16%)9446 (16%)
75-99K119 (6%)1931 (9%)6546 (11%)
100-199K397 (21%)3197 (16%)8839 (15%)
200K+279 (14%)1718 (8%)3259 (5%)
Highest Education LevelNo Diploma11720537130
Diploma or GED417516819108
Some College345459116237
Assoc. Degree22217976565
Bachelors Degree1030874021518
Higher Degree833692015451
Total Housing Units2,05921,25562,851
--Owner-Occupied1,0399,54228,832
--Renter-Occupied8379,87627,957
Owner-Occupied Values< 100K738495021
100-199K188361112053
200-299K23518105992
300-399K1738902040
400-499K1579111241
500K+21214712485
Total Working Age Population3,45935,441114,910
In Work Force2,26923,65774,702
Not In Work Force1,19011,78440,207
Workforce Employed2,21122,84171,264
Workforce Unemployed588013,359
Civlian Workforce2,26923,64274,623
Military Workforce01580
Total Households1,87619,41956,790
Family Households9969,82030,702
Non-Family Households8809,59926,088
Married Couple8287,56322,032
Other Family1682,2578,670
Married w/Child2822,8438,338
Single Male w/Child30237816
Single Female w/Child771,0663,812

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Tennessee5,689,283+126,346,105+96,886,369+77,393,069
Knox County382,032+13432,226+10473,996+8513,318
Blount County105,823+16123,010+9133,808+8143,918

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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