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32973480
32973481

2650 Western Ave, Knoxville, TN 37921

BB
TN 343837, OH BRK.200900214 (+21)
Bang Realty
BellCornerstone
BellCornerstone
Listed by Bang Realty, BellCornerstone
$3,200,000
8 days on market
Updated 8 days ago

2650 Western Ave

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 19,994
Cap Rate 8.40%
NOI $270,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2030
Rent Bumps Yes
Class C
Year Built 1940
Buildings 2
Acreage 3.750
Zoning General Industrial
Parking Spaces 50 spaces
Parking Per SqFt 2.50
Investment Type Stabilized
Lease Commencement 07/18/2025
Ceiling Height 12'-14'
Dock High Doors 26

Industrial | 8.40% CAP | 19,994 SqFt

Marketing description

2650 Western Avenue in Knoxville is a fully leased, income-producing industrial asset totaling 19,994 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 dock-high 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.

Listing Contacts

BB
TN 343837, OH BRK.200900214 (+21)
Bang Realty
BellCornerstone
BellCornerstone
Listed by Bang Realty, BellCornerstone

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$270,000.00
$22,500.00/mo

Valuation Metrics

0
DSCR
8.44%
Cap Rate
8.44%
ROI

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Additional Information

Name
Brian Brockman
License
343847
Title
Broker of Record
Name
Brian Brockman
License
343837
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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