Prime Retail Building For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30049871
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1,299,000
Unit Price: $92.79 PSF
Ceiling: 15 ft.
Property Use Type: Vacant/Owner-User
Building Name: Previous Blockbuster
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2018

Overview / Comments

Sale includes 2 buildings. Larger building is approx. 12,600 SF and commercial use home is approx. 1,700 SF. Opportunity would make an excellent 1031x for an investor. See separate lease listing for spaces and rates that are being advertised.

Larger building has 5,000 SF ready for immediate retail use fronting W. Lamar Alexander Parkway. This area is the busiest intersection in Blount County!
Retail space has 2 handicap restrooms and an office. See attached Floor Plan.

There is 5,000 SF of 'unfinished' or warehouse type space on the main level. This area could be used in conjunction with front space or separately. A loading dock could be added. The rear space has 2 roughed in bathrooms and some offices. There is a interior ramp to the lower level space.

Lower level space is approx. 2,600 SF and could be used as storage or leased out to a tenant. This space has a separate entrance. Excellent for a small business. No heat or air at the moment on this level. See attached Floor Plan LL.

Building has 3 Phase electric, new a/c units, could easily be sprinkled, and 60 parking spaces. Property has front and rear entrances/exits.

2nd building is approx. 1,300 SF and leased to Molly Maids. Lease could be long term but currently expires in 2017. Building is a converted home.

There is no other retail space of this type, with on-site parking, and exposure to so much traffic in Blount County. Building and spaces are also for lease. See separate listing.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 057E K 007.00
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 160
Traffic/Vehicle Count: 45,000
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1953
Construction/Siding: Block
Total Parking Spaces: 60
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Business Transportation
Lot Frontage: 160
Lot Depth: 270
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 41,852 67,632
Median Age: 34.8 39.09 40.36
Households: 2,760 16,920 27,012


Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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