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

203 Letterman Road Southwest Knoxville, TN 37919 - main image

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 Population		4,070	42,419	139,129
Population Median Age		41	39	36
Population by Age	0-9 Yrs	329 (8%)	4598 (10%)	15887 (11%)
	10-19 Yrs	422 (10%)	3953 (9%)	17838 (12%)
	20-29 Yrs	678 (16%)	8631 (20%)	31306 (22%)
	30-39 Yrs	564 (13%)	6146 (14%)	18362 (13%)
	40-49 Yrs	598 (14%)	5012 (11%)	15027 (10%)
	50-59 Yrs	556 (13%)	4697 (11%)	15617 (11%)
	60-69 Yrs	463 (11%)	5027 (11%)	12958 (9%)
	70+ Yrs	459 (11%)	4356 (10%)	12135 (8%)

Median HH Income		$61,325	$52,216	$49,326
Total Household Income	< 24K	386 (20%)	4514 (23%)	14775 (26%)
	25-49K	435 (23%)	4864 (25%)	13925 (24%)
	50-74K	260 (13%)	3194 (16%)	9446 (16%)
	75-99K	119 (6%)	1931 (9%)	6546 (11%)
	100-199K	397 (21%)	3197 (16%)	8839 (15%)
	200K+	279 (14%)	1718 (8%)	3259 (5%)

Highest Education Level	No Diploma	117	2053	7130
	Diploma or GED	417	5168	19108
	Some College	345	4591	16237
	Assoc. Degree	222	1797	6565
	Bachelors Degree	1030	8740	21518
	Higher Degree	833	6920	15451

Total Housing Units		2,059	21,255	62,851
--Owner-Occupied		1,039	9,542	28,832
--Renter-Occupied		837	9,876	27,957
Owner-Occupied Values	< 100K	73	849	5021
	100-199K	188	3611	12053
	200-299K	235	1810	5992
	300-399K	173	890	2040
	400-499K	157	911	1241
	500K+	212	1471	2485

Total Working Age Population		3,459	35,441	114,910
In Work Force		2,269	23,657	74,702
Not In Work Force		1,190	11,784	40,207
Workforce Employed		2,211	22,841	71,264
Workforce Unemployed		58	801	3,359
Civlian Workforce		2,269	23,642	74,623
Military Workforce		0	15	80

Total Households		1,876	19,419	56,790
Family Households		996	9,820	30,702
Non-Family Households		880	9,599	26,088
Married Couple		828	7,563	22,032
Other Family		168	2,257	8,670
Married w/Child		282	2,843	8,338
Single Male w/Child		30	237	816
Single Female w/Child		77	1,066	3,812

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Tennessee	5,689,283	+12	6,346,105	+9	6,886,369	+7	7,393,069
Knox County	382,032	+13	432,226	+10	473,996	+8	513,318
Blount County	105,823	+16	123,010	+9	133,808	+8	143,918

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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.