1.57 Acres Rutledge Pk Corner with Traffic Light

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 28727183
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 5,910 SF
Gross Land Area: 1.57 Acres
Sale Price: $159,900
Unit Price: $27.06 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

Back on Market, Open to Lease Purchase Great Visibility for Car Lot. Zoned Commercial/ Industrial.Large building and 12 apartments (4 of which are detached in separate bldg). Public water and sewer. All this on 1.57 acres on corner lot just off Old Rutledge Pike; 2 miles from Interstate 40;Minutes from city limits;great income potential or investment property.Buildings need work.Call today for private showing. New Red Light just installed at corner of Rutledge Pike and Old Rutledge Pike.Great investment property!

5700 Old Rutledge Pike. in Knoxville, TN.

This 1.5+ acre corner lot screams location, location, location! The commercial property is perfectly placed on the major thoroughfare of Rutledge Pike near I-40 and I-640. Reported traffic counts for this commercial property are well over 16,000/day!

This property also offers a corner location with controlled traffic, superior visibility and road frontage, excellent community demographics and public utilities.

The projected uses for this commercial property are limitless with the large parking areas, visibility, and two existing structures available for renovation, if the new owner so desires. The zoning is Business and Manufacturing /Industrial which provides the buyer a practically unlimited number of uses for this valuable location.

Our sellers have enjoyed the benefits from this property and have chosen to move forward with other business ventures. They are motivated to sell and interest rates are attractive. Be a buyer and position yourself to take advantage of the commercial real estate market

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Zoned I and Front part Zoned CB
Tax ID/APN: 060 140
Zoning: CB I
Market Type: Large
Retail Clientele: General, Family, Business, Traveler, Tourist
Road Type: Paved, Highway, Highway Interchange
Property Visibility: Excellent
Largest Nearby Street: Rutledge Pike
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Poor
Land Ownership: PENDING SALE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,782 30,498 93,859
Median Age: 37.62 41.42 37.34
Households: 700 12,895 38,510

Contact

Photograph of Listing Agent

Jerry J Headrick

Realty Executives Associates
KAAR CIE Member
© Copyright Knoxville Area Association of REALTORS┬«. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.