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: |
5/16/2022 |
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 |
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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