Commercial Redevelopment Tract

Retail-Commercial for Sale
Catylist Listing ID: 30730780
Property Subtypes: Free-Standing Building
Building Size (RSF): 1,587 SF
Gross Land Area: 1.64 Acres
Sale Price: $495,900
Unit Price: $312.48 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2022

Overview / Comments

This 1.64-acre tract is situated in Sevierville's C-4 Arterial Commercial Zoning District, about 500 feet from the signalized intersection of Veterans Blvd. and Middle Creek Road. This zoning allows for a wide variety of commercial uses. The property is improved with a +/- 1,587 sq.ft. 2-story brick house built in 1948, which may be a viable candidate for conversion to professional or general office use. However, the house is in poor condition and was given little consideration in pricing the property. Utility water is available. Utility sewer is a few hundred feet away, with city utility easements in place.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $695.47 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 020.02
Zoning: C-4
Retail Clientele: General, Business
Property Visibility: Good
Largest Nearby Street: Veterans Blvd
Feet of Frontage: 352
Highway Access: Middle Creek Road
Site Description: Level to sloping acreage tract, fronting Middle Creek Road, and improved with a 2-story brick house.
Area Description: Located close to LeConte Medical Center and numerous professional and medical offices.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,587 SF
Property Condition: Poor
Year Built: 1948
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Onsite, paved
Zoning Description: C-4 Arterial Commercial Zoning
Lot Frontage: 352
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Map 062, Parcel 020.02

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,971 18,207 35,032
Median Age: 30.08 38.61 39.53
Households: 980 7,260 13,773

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.