25,425 SF Zoned C-1 in Downtown Lafollette

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30640753
Property Subtypes: Free-Standing Building
Building Size (RSF): 25,425 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $299,000
Unit Price: $11.76 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2021

Overview / Comments

Here is a rare opportunity to own 25,425 SF of mixed space on the main drag in downtown Lafollette. This building is located just minutes from the popular ATV/UTV trails and Norris Lake, which brings thousands of tourists to the local economy every year. The building currently has a few tenants occupying different spaces on a month-to-month lease; including a gym, dance studio and boutique/salon. With a large warehouse/showroom, a garage and retail space, this unique space would make a perfect hub for all things ATV. Bring your vision! Please call Listing Agent for showings or questions.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,511 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Campbell
Tax ID/APN: 007085J B 00900
Zoning: C-1
Site Description: Level
Area Description: Take I-75 North from I-640 via Exit 3A. Drive approximately 30 miles and take Exit 134 onto US25-W. Drive 8.2 miles, and building is on the left. Located on the corner of E Central Ave and N Indiana Ave in downtown Lafollette.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1935

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,139 9,386 18,156
Median Age: 36.83 40.93 41.16
Households: 1,260 3,789 7,309
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