9,180 SF Free Standing Building Will be auctioned 10/23/2017

Retail-Commercial for Sale
Distressed
Catylist Listing ID: 29737136
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,180 SF
Gross Building Area: See Agent
Gross Land Area: 0.77 Acres
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Building Name: Former Family Dollar
Sale Terms: Cash to Seller
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 10/20/2017

Overview / Comments

Auction: 10/23 - 10/25
Property Tours Will be offered on Thursday, October 12th and Thursday, October 19th between 11:00 AM to 1:00 PM local time. Please contact the listing broker to schedule.

Investment Highlights 9,180 SF Retail Building with parking lot in great condition. 200 Feet of Frontage along E. Andrew Johnson Highway and good visibility. Compelling value-add opportunity.

Investment Overview The offering is for a 9,180 SF retail building located Russellville, TN, a rural area outside of the city of Morristown, TN. Built in 2009, Family Dollar was the only tenant and has vacated the property. Russellville is located about 4 miles from Downtown Morristown, TN.

Morristown, the county seat of Hamblen County, is a progressive medium sized town located in Upper East Tennessee. It is about 35 miles east of Knoxville, TN on Interstate-81. Morristown has an excellent, well-educated workforce, two industrial parks, and an IFR equipped airport with a 5700 runway to handle the several corporate jets based there.

Attachments & Media

Additional Details

Nearest MSA: Morristown
County: Hamblen
Taxing Authority: Hamblen County
Tax ID/APN: 018L C 002.00
Property Visibility: Good
Largest Nearby Street: Morristown
Feet of Frontage: 200

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,203 6,399 28,355
Median Age: 39.31 39.16 39.35
Households: 1,229 2,485 11,288

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