7209 Chapman Hwy 26,760 SF 100% Leased Office Building Knoxville, TN 37920 $3,700,107 CAD ($138.27 CAD/SF)

This asset offers a rare opportunity to acquire a high-potential income property with substantial upside for investors. With 26,760 square feet of versatile commercial space and predominantly vacant interiors, the property is ideally positioned for an investor seeking to stabilize and capture significant revenue growth.
Currently, 5,480 SF is leased at $6,000 per month NNN, providing immediate baseline income with no landlord expenses. The remaining square footage offers a substantial lease-up opportunity. Based on market-supported proforma rents of $6,000/month (NNN) per upstairs unit and $3,000/month (NNN) per lower-level unit with roll-up doors, the property is capable of generating approximately $33,000/month or $396,000 annually once stabilized. County-only taxes.
The upper level is easily divisible, suitable for professional office users, boutique retail, medical, or service-based tenants. The lower level, mostly open and highly adaptable, can accommodate showroom, flex, fitness, creative workspace, storage, or specialty retail concepts.
The $2,700,000 list price is a full $400,000 below the pre-listing appraisal. Must view this property to appreciate the potential and compelling value-add play.