DEVELOPMENT OPPORTUNITY

Retail-Commercial for Sale
Catylist Listing ID: 30172011
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 6,124 SF
Gross Building Area: See Agent
Gross Land Area: 1.29 Acres
Sale Price: $425,000
Unit Price: $69.40 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

Signalized hard corner of the Inskip community just one block off of Merchants Drive with 350’ of frontage on Inskip Drive and 195’ on Central Ave Pike (Three Addresses/Parcels: 100 E Inskip / Inskip East / 4712 Central Ave Pike). 1.29 acres ready for re-development.

The corner diagonal to this sold in 2016 for over $5 million.

The owner plans to begin re-developing the property after November 6, 2017 and at said date, the price will increase.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $6,140 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 068LG003 / 068LG006 / 068LG002
Zoning: C-1 / C-4
Area Description: Go I-40 E/I-75 N and continue onto I-40 E/I-75 N. Take I-640 E to Merchant Drive. Take Exit 108 from I-75 N. Take Central Avenue Pike to E Inskip Drive. Property is on the corner and fronting E Inskip Drive.
Total Number of Buildings: 2
Year Built: 1940
Year Renovated: 1950
Zoning Description: C-1 / C-4

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,332 70,438 181,736
Median Age: 35.64 36.01 34.88
Households: 3,514 31,186 76,266
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