RJ's Courtyard and Four Office Buildings

Retail-Commercial for Sale
Catylist Listing ID: 30704831
Property Subtypes: Mixed Use, Restaurant, Other
Building Size (RSF): 31,250 SF
Gross Land Area: 4.27 Acres
Sale Price: $7,500,000
Unit Price: $240 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: RJ's and Offices
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/17/2022

Overview / Comments

The Property includes four parcels totaling 4.27 acres improved with the former RJ's Courtyard Restaurant and four office buildings near the Alcoa Amazon Fulfillment Center Project. Located on Alcoa Highway and on Airway Drive at the Pellissippi Pkwy, a short drive to McGhee Tyson Airport. Perfect location for support services to Amazon's 823,149 square-foot fulfillment center opening in 2022. Also, Alcoa Highway (US 129) is undergoing a massive road improvement project and upon completion that project will ease the traffic burden on the existing Alcoa Highway, add a traffic signal at Airway Drive greatly improving access to the Property.

The Property is Zoned General Business E, suitable professional services, retail sales, hotels, medical and professional offices, places of amusement, churches, and cultural activities.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County - Alcoa City
Tax ID/APN: 017 070.04, 017 070.17, 017 070.16, 017 070.09
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Pellissippi Parkway and Alcoa HIghway
Property Visibility: Excellent
Largest Nearby Street: Pellissippi Parkway
Highway Access: Short drive from Airway Drive by Alcoa Highway to Interstate 140 known as the Pellissippi Parkway.
Airports: McGhee Tyson Airport
Site Description: Four parcels with five structures. Buildings are in excellent condition.
Area Description: The area is fast growing with development stimulated by the Relocated Alcoa Highway Project funded by TDOT, and the Alcoa Amazon Fulfillment Center Project.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Property Condition: Excellent
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,509 16,994 59,888
Median Age: 36.87 40.81 41
Households: 2,062 7,278 24,848


Photograph of Listing Agent

Frank Weiskopf, CCIM

Realty Executives Associates KAAR CIE Member
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