South Main Mini Mall
Shopping Center
for Sale
| Catylist Listing ID: |
30807386 |
| Property Subtypes: |
Fashion/Specialty, Grocery-Anchored, Mixed Use, Neighborhood Center, Outlet Center, Strip Center, Other
|
| Building Size (RSF): |
6,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.60 Acres
|
| Sale Price: |
$650,000 |
| Unit Price: |
$108.33 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Owner Financing, Other |
| Cap Rate: |
6.9% |
| Last Updated: |
6/3/2023 |
Overview / Comments
Absolute Bargain. Owners Retiring. Currently being used as an Antique & Collectable Mall. Prime Retail Location just outside The City Limits of Downtown Crossville. Lower Annual Property Taxes. No Restrictions, Associations or Dues to Pay. Four Individual Store Fronts that can be used together or separate. Plumbed for Hair Salon, Deli, Pet Store Etc... Five Bathrooms, Individual Electrical and Central Heat and Air-Cooling Systems. New Roof in 2016, 170 Feet of Highway Frontage with tuning lane into mall for safe access and exit. Ideal for your personal business or rentals with very high return on investment potential. Possible Owner Financing.
Update: 1/27/23 Three of the four suites have just gone under new lease agreements that will automatically transfer to any new owner. $2400.00 per month. A new owner could occupy or lease the other suite.
|
Additional Details
| Nearest MSA: |
Crossville |
| County: |
Cumberland |
| Taxing Authority: |
Cumberland County |
| Tax ID/APN: |
018127 00601 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist |
| Property Located Between: |
Centrally Located between Knoxville and Nashville off Interstate I-40 in Crossville |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 127 S |
| Feet of Frontage: |
170 |
| Highway Access: |
Interstate I-40 (3 Miles), Hwy 70 (3 Miles), Hwy 68 (2 Miles) |
| Airports: |
Crossville, Knoxville, Nashville |
| Site Description: |
Plenty of room for expansion. 1.60 Acres |
| Area Description: |
Hotel across the street, Medical Facilities, Area of new and historic homes.
The Mall is located just minutes from Cumberland State Park and Is part of the Famous Cumberland Homesteads District |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,726 SF |
| Property Condition: |
Good |
| Year Built: |
1982 |
| Year Renovated: |
2016 |
| Roof Type: |
Other |
| Construction/Siding: |
Block, Brick, Concrete, Metal/Glass, Metal Siding, Steel Frame |
| Exterior Description: |
Brick Front with Covered Walkway |
| Parking Type: |
Surface |
| Total Parking Spaces: |
17 |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Fiber Optic |
| Interior Description: |
Currently being used for Antique & Collectable Mall |
| Zoning Description: |
Commercial Use, No Zoning in Cumberland County |
| Lot Frontage: |
170 |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
| Easements: |
Electric Lines, Ingress/Egress, Utilities |
| Land Ownership: |
S & J Properties |
| Legal Description: |
DISTRICT: 01, ESMT DB 111/1606, COUNTY AREA: R02 MAP REF: 127 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
13,235 |
25,869 |
| Median Age: |
42.85 |
44.46 |
| Households: |
5,471 |
10,862 |
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© 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.
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