4th & Gill Redevelopment

Retail-Commercial for Sale
Catylist Listing ID: 30761018
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 16,062 SF
Gross Building Area: 20,352 SF
Gross Land Area: 16,390 SF
Sale Price: $2,150,000
Unit Price: $133.86 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Gypsy Cider Brewery Building
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit
Average Occupancy Rate: 47
Last Updated: 1/11/2022

Overview / Comments

Gipsy Cider occupies 7,482 SF and pays $4,965/month plus
property tax accruals (~$3,000 annually) with 2% escalations
until August 2029 with two five year extension options

Owner willing to work with prospective buyer/occupant with
full set of architectural plans for rooftop development and
provide TI build-out package | $400k invested in Gypsy Cider

Owner willing to lease/option remaining two-story at 4,290 SF
each floor for $8.80/SF | $0.40/SF CAM | $7,000 annual tax

Elevator access between 4,290 SF private parking garage
and two levels above to be included for new occupant

Owner is willing to explore pre-sale of residential condo units

Newly updated sprinkler system

Dock door with dock leveler

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox
Tax ID/APN: 094DK002
Zoning: DK-E
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Underground
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: DK-E
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,378 92,265 157,970
Median Age: 31.93 32.44 35.19
Households: 5,427 37,956 67,453

Contact

Photograph of Listing Agent

G. Sam Tate, Jr., CCIM

NAI Koella | RM Moore KAAR CIE Member
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