Knoxville, Tennessee is a prime location for investing in Industrial Properties For Sale, with its rich history, diverse economy, and strategic infrastructure. Industrial Properties in Knoxville offer a unique opportunity for investors to tap into the city's growth potential, with its strong presence in the manufacturing, logistics, and technology sectors. These properties can represent a range of investments, from warehouses and distribution centers to research and development facilities, and even light industrial spaces. Knoxville's industrial landscape is characterized by its proximity to major transportation hubs, including the McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX, making it an attractive location for businesses that rely on efficient logistics. The city's amenities, such as the University of Tennessee and its associated research centers, also contribute to its appeal as a hub for innovation and entrepreneurship. With its unique blend of Appalachian culture and modern infrastructure, Knoxville is an ideal location for businesses looking to establish a strong presence in the Southeast.
Knoxville's Industrial Properties For Sale offer a range of opportunities for investors, with 10 listings available. The average price per square foot for Industrial Properties in Knoxville is $241 USD, with an average size of 29,652 square feet. The largest Industrial Property available in Knoxville spans 94,000 square feet. In addition to Industrial Properties, Knoxville also offers a range of other property types, including Warehouses, with their proximity to major transportation hubs making them ideal for logistics and distribution businesses. Land is also available for development, offering investors the opportunity to shape the city's industrial landscape. Apartment Buildings and Commercial Real Estate round out the range of options, providing investors with a diverse range of opportunities to tap into Knoxville's growth potential. With its unique blend of history, culture, and infrastructure, Knoxville is an attractive location for businesses and investors alike.
What is the average price per square foot for industrial properties in Knoxville?
The average price per square foot for industrial properties in Knoxville is $241 USD per square foot, with 10 available listings ranging in size from 29,652 square feet to 94,000 square feet, and an average cap rate of 2.24%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Knoxville, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation hubs, such as McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX, can increase industrial property values by providing convenient access to national and international markets.
- Easy access to major roads, including the I-40 and I-275 interchange, can also boost property values by reducing transportation costs and increasing the speed of goods delivery.
- Furthermore, industrial properties located near the Tennessee River, which passes through Knoxville, may benefit from water transportation options, further enhancing their value.
