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2650 Western Ave 19,994 SF Industrial Building Knoxville, TN 37921 $4,403,456 CAD ($220.24 CAD/SF) 8.44% Cap Rate
Executive Summary
2650 Western Avenue in Knoxville is a fully-leased, income-producing industrial asset totaling 10,800 square feet across 2 buildings on 3.75 acres. Originally constructed in 1966
with a 1,237 SF storage shed addition in 1992, the property offers a highly functional layout with 12’–14’ clear heights, 26 dockhigh doors, and two drive-in doors—supporting efficient distribution, logistics, and service-based operations. The main building also includes 1,789 square feet of office space, creating a balanced blend of warehouse and administrative areas.
Strategically positioned along Western Avenue (US-70/11), the property provides immediate access to I-640 and I-40, placing it just minutes from downtown Knoxville and
within convenient reach of McGhee Tyson Airport. Located within one of Knoxville’s established industrial corridors, the asset benefits from strong regional connectivity
throughout East Tennessee. With stabilized occupancy and excellent loading capacity, 2650 Western Avenue presents a turnkey investment opportunity with reliable in-place
income and long-term operational appeal.
with a 1,237 SF storage shed addition in 1992, the property offers a highly functional layout with 12’–14’ clear heights, 26 dockhigh doors, and two drive-in doors—supporting efficient distribution, logistics, and service-based operations. The main building also includes 1,789 square feet of office space, creating a balanced blend of warehouse and administrative areas.
Strategically positioned along Western Avenue (US-70/11), the property provides immediate access to I-640 and I-40, placing it just minutes from downtown Knoxville and
within convenient reach of McGhee Tyson Airport. Located within one of Knoxville’s established industrial corridors, the asset benefits from strong regional connectivity
throughout East Tennessee. With stabilized occupancy and excellent loading capacity, 2650 Western Avenue presents a turnkey investment opportunity with reliable in-place
income and long-term operational appeal.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,403,456 CAD | Rentable Building Area | 19,994 SF |
| Price Per SF | $220.24 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Cap Rate | 8.44% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.63/1,000 SF |
| Property Subtype | Truck Terminal | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 26 |
| Lot Size | 3.75 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | General Industrial | ||
| Price | $4,403,456 CAD |
| Price Per SF | $220.24 CAD |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 3.75 AC |
| Rentable Building Area | 19,994 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Tenancy | Single |
| Parking Ratio | 4.63/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 26 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | General Industrial |
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KTG Bus of Tennessee, Inc
- Transportation and Warehousing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KTG Bus of Tennessee, Inc | Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
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2650 Western Ave
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