Downtown Knoxville Mixed Use Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30817635
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 4,757 SF
Gross Building Area: See Agent
Sale Price: $2,650,000
Ceiling: 24 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/2/2023

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094EK005
Is Condo?: Yes
Property Located Between: W Depot off N Gay
Property Visibility: Excellent
Largest Nearby Street: N Gay St
Site Description: Spectacular mixed use property in downtown Knoxville is available after decades of private family ownership. Current residence of approx 3200sf boasts a soaring 24' ceiling in living room with gas fireplace, 3 bedrooms, 2.5 baths, private 2 car detached garage, and a beautiful courtyard. The 2 bedroom, 1 bath Guest House above the 2 car garage is suitable for guests or as an income producing property. Besides the main house, Guest House, private garage and courtyard, this property has 2 additional office suites accessed off N Gay Street. Currently used as income producing property, the 861sf can also be renovated for additional square footage in the main house. Highest and Best use for this property gives ''owner's choice'' a whole new meaning.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface, Other
Parking Description: Parking available in adjacent lot. Must confirm with lot owners.
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: DK-G Mixed Use
Lot Frontage: 46'
Lot Depth: 100'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,310 89,401 153,071
Median Age: 27.41 32.42 35
Households: 5,660 36,506 65,318
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