100 East Magnolia Avenue

Knoxville, TN 37917

Greyhound Bus Terminal

Listing ID: 196659

$2,125,000

For Sale

Property Type Office : Professional
Lot Size Acres 0.850
Building Sq Ft 16,000
Building Price per Sq Ft $132.81
Land Sq Ft 37,026
Land Price per Sq Ft $57.39

100 East Magnolia Avenue Knoxville, TN 37917 - main image

100 East Magnolia Avenue Knoxville, TN 37917 - alt image 2

100 East Magnolia Avenue Knoxville, TN 37917 - alt image 3

100 East Magnolia Avenue Knoxville, TN 37917 - alt image 4

Description

Avison Young is pleased to present to qualified investors the opportunity to acquire +/-.85 acres of prime development land at 100 E. Magnolia Avenue and 105 E. Depot Avenue. Prominently situated among an elite set of developments, the property offers access to Interstate 40 and the Hall of Fame connector, allowing exceptional ingress/egress to the property. With superior access and visibility, the site offers developers a distinct location within a growing network of urban developments. This opportunity is for developers looking to bring a unique product to one of the city's fastest growing neighborhoods.
This property is located in an Opportunity Zone.
Please see the attached Offering Memorandum (OM) for more information.???
Offers are due October 15, 2020.???

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		10,258	74,835	142,055
Population Median Age		35	34	36
Population by Age	0-9 Yrs	687 (6%)	8301 (11%)	15705 (11%)
	10-19 Yrs	873 (8%)	10985 (14%)	17811 (12%)
	20-29 Yrs	3748 (36%)	21534 (28%)	33918 (23%)
	30-39 Yrs	1278 (12%)	8225 (10%)	17920 (12%)
	40-49 Yrs	1142 (11%)	7073 (9%)	15234 (10%)
	50-59 Yrs	1342 (13%)	8087 (10%)	16334 (11%)
	60-69 Yrs	782 (7%)	5925 (7%)	13535 (9%)
	70+ Yrs	406 (3%)	4705 (6%)	11597 (8%)

Median HH Income		$22,150	$25,990	$33,127
Total Household Income	< 24K	2739 (55%)	14565 (48%)	22990 (38%)
	25-49K	928 (18%)	7739 (25%)	17208 (28%)
	50-74K	504 (10%)	4124 (13%)	9597 (15%)
	75-99K	293 (5%)	1627 (5%)	4772 (7%)
	100-199K	383 (7%)	1474 (4%)	4418 (7%)
	200K+	101 (2%)	411 (1%)	1235 (2%)

Highest Education Level	No Diploma	934	6502	11979
	Diploma or GED	1581	12886	26689
	Some College	1096	8993	18957
	Assoc. Degree	270	2458	6031
	Bachelors Degree	1140	5232	13587
	Higher Degree	1041	3840	9144

Total Housing Units		6,034	35,140	68,823
--Owner-Occupied		929	10,020	26,783
--Renter-Occupied		4,019	19,920	33,437
Owner-Occupied Values	< 100K	302	5899	11092
	100-199K	162	2766	11277
	200-299K	158	591	2113
	300-399K	199	436	957
	400-499K	43	98	455
	500K+	65	231	889

Total Working Age Population		9,160	62,965	118,671
In Work Force		5,644	36,664	73,732
Not In Work Force		3,516	26,301	44,939
Workforce Employed		4,897	33,440	68,692
Workforce Unemployed		730	3,137	4,940
Civlian Workforce		5,628	36,577	73,632
Military Workforce		16	87	100

Total Households		4,948	29,940	60,220
Family Households		1,516	13,146	29,513
Non-Family Households		3,432	16,795	30,707
Married Couple		727	6,252	16,996
Other Family		789	6,894	12,517
Married w/Child		164	2,070	5,509
Single Male w/Child		94	590	1,263
Single Female w/Child		370	3,240	5,536

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

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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.