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
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
Cap Rate: 7.18%
Average Occupancy Rate: 4,658
Last Updated: 9/13/2021

Overview / Comments

Property Highlights

- Gipsy Cider occupies 7,482 SF and pays $4,867/month plus
$3,000 annual tax until August 2029 with two additional 5
year extension options.

- Owner has expressed interest in leasing remaining 2-story at
4,290 SF each floor asking $8.80/SF with $0.40/SF CAM and
$7,000 annual tax which will include additional contiguous
4,290 SF garage each of 3 stories is elevator-served.

- Owner is willing to work with a prospective buyer/occupant
on development plans including rooftop build-out and
invested $400k on TI build-out package for Gypsy Cider.

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

- Phase 3 400 Amp with sprinkler system throughout.

- Dock door with dock leveler.

Attachments & Media

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
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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