Pad Ready Site adjacent to Outback Steakhouse

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30787708
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,132 SF
Gross Building Area: See Agent
Gross Land Area: 3.63 Acres
Sale Price: $4,675,000
Unit Price: $762.39 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Outback Steakhouse
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2022

Overview / Comments

Available for Sale or Ground Lease. Pad ready site is located between Staybridge Suites & Outback Steakhouse just off S Illinois Ave. Ideal for L-shaped strip mall or restaurant space. Seller will consider build-to-suit option for strip center.

Rear could also be developed as additional parking for a second restaurant with Illinois Ave frontage next to Outback.

Sale price includes ground lease to Outback Steakhouse.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: City of Oak Ridge
Tax ID/APN: 001105DA00700
Zoning: B-2
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Staybridge Suites & Outback Steakhouse
Largest Nearby Street: S Illinois Ave
Feet of Frontage: 326
Traffic/Vehicle Count: 29,780
Site Description: Ground lease site located between Outback Steakhouse & Staybridge suites
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,132 SF
Property Condition: Excellent
Year Built: 2004
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Restaurant buildout
Zoning Description: B-2 General Business
Lot Frontage: 326
Lot Depth: 434
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee Simple if purchased

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,214 22,762 35,787
Median Age: 38.42 41.43 42.83
Households: 1,612 10,048 15,304
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