Sutherland Ave Retail Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30319612
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,324 SF
Gross Building Area: See Agent
Gross Land Area: 14,797 SF
Sale Price: $325,000
Unit Price: $139.85 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/25/2018

Overview / Comments

Very attractive retail building on popular Sutherland Ave at Varner Street. Located very close to Concord Street with easy access to Kingston Pike, the interstate system and Alcoa Highway.

The Property is currently leased to two tenants on a month to month basis. THE TENANTS DO NOT KNOW THE PROPERTY IS ON THE MARKET FOR SALE. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS WILL PROBABLY NEED TO BE AFTER 5:00 PM OR ON WEEKENDS. PLEASE ARRANGE ALL SHOWINGS WITH JIM SIMPSON.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $4,631 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 108BA036
Zoning: C-3
Site Description: Generally, a level lot with curb cuts on Sutherland Ave and Varner Street. The Sutherland Ave corridor is an interesting mixed-use area comprised of retail, industrial and office uses. Very close by are Knox County recreational fields.
Area Description: From the intersection of Concord Street and Sutherland Ave, proceed west about two blocks to the property on the left.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1993
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted concrete block construction and good fenestration.
Total Parking Spaces: 16
Parking Ratio: 6.5 (per 1000 SF)
Parking Type: Structure
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: Current configuration is a large open area, with a ceramic tile floor, storage closet, two handicap accessible restrooms, five rooms/offices and a smaller lobby area; all with hardwood laminate flooring. There are 2-meter centers.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,710 72,379 167,441
Median Age: 27.03 31.34 34.92
Households: 3,626 29,185 71,409
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