Schaad Rd Commercial and Retail For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30823105
Property Subtypes: Garden Center, Other
Status: Pending/Contingent
Building Size (RSF): 910 SF
Gross Building Area: See Agent
Gross Land Area: 1.14 Acres
Sale Price: $399,000
Unit Price: $438.46 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/28/2023

Overview / Comments

This property features a fully fenced in 1.14 acres with frontage on Schaad Rd. There is a 910 SF warehouse with a roll-up door and shop bay, office, and bathroom. The warehouse has a canopy for parking. The lot is flat with a gravel drive and property sits near the Schaad Rd and Oak Ridge Highway intersection. Current tenant has a water feature business and will be relocating. Property's prior use was a landscaping business. With the Schaad Rd expansion upcoming and the CA zoning, this property has a lot of potential for redevelopment with income production in the meantime. Please do not disturb tenant. All showings must have a 24-hour lead time.

There is a TDOT acquisition plan for the expansion of Schaad Rd that reduces the property to 1.049 acres. See TDOT Purchase Map in listing photos.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $773.38 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 079 02801
Zoning: CA
Site Description: Level
Area Description: From I-640, take the Western Ave Exit. Head west onto TN-62 for 4.3 miles. Turn right onto Schaad Rd. Your destination will be 0.3 miles on the left.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1995
Parking Type: Surface
Lot Frontage: 135
Lot Depth: 388

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,204 48,317 138,669
Median Age: 35.38 36.28 36.3
Households: 2,488 19,858 59,953
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Moody's assume any liability for errors or omissions.