Retail Building with restaurant and bakery
Retail-Commercial
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: |
30841585 |
| Property Subtypes: |
Restaurant, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
8,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.69 Acres
|
| Sale Price: |
$639,000 |
| Unit Price: |
$79.88 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/1/2023 |
Overview / Comments
This property consists of 3 parcels with a retail center. The retail center has one restaurant and one bakery.. The third parcel included is a paved parking area adjacent to the existing parking area.
The building and parking area is offered at $639,900.00. The restaurant pays rent of $2400,00 a month and the bakery lease is $800.00 a month. The building was built in 1973 and received a major update in 2018. Updates include plumbing, electric, kitchens, rest rooms, water lines, gutters and HVAC. The building has 7 restrooms, all updated or built new in 2018 and 2020. It has 2 separate kitchens, both with hood systems, approved and inspected fire suppression systems, updated gas lines, 4 walk in coolers, 2 offices and storage room. Camera's and security system also installed. The building is located in downtown Rockwood on a 4 lane state highway.
|
Current Tenants
| Tenant Business Name |
Cadillace Grill LLC |
| Contact Name |
Cadillac Grill |
| Industry Type |
Accommodation and Food Services |
| Is Renting? |
Yes |
| Employees Total |
14 |
| Year Founded |
2018 |
| Current Rent |
$2,400 PSF (Annual) |
| Tenant Business Name |
Bakery |
| Is Renting? |
Yes |
| Current Rent |
$800 PSF (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Roane |
| Submarket Type: |
Central Business District |
| Taxing Authority: |
Rockwood City and Roane County |
| Tax ID/APN: |
073054L D 00300, 073054L D 002.00, 070354L D 0002.01 |
| Zoning: |
C 2 |
| Retail Clientele: |
General, Business |
| Property Located Between: |
E Rockwood St and E Wheeler Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Hwy 27 |
| Feet of Frontage: |
290 |
| Traffic/Vehicle Count: |
12,125 |
| Highway Access: |
Property sits on US Hwy 27, a four lane state highway. |
| Site Description: |
Property is located on US Hwy 27 in downtown Rockwood. Next door is a new retail building. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1973 |
| Year Renovated: |
2018 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Metal/Glass, Metal Siding, Steel Frame |
| Exterior Description: |
Metal and brick exterior with Glass fronts and doors. |
| Total Parking Spaces: |
48 |
| Parking Type: |
Surface |
| Parking Description: |
Asphalt parking lot. One are is new and added in 2022. The rest has been sealed and stripped. |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central, Wall Units |
| Internet Access: |
Cable, Fiber Optic |
| Interior Description: |
All new interior and ceilings. Concrete floors. |
| Zoning Description: |
C 2 |
| Lot Frontage: |
290 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Pelican Enterprises Inc |
| Legal Description: |
054L D 003.00, 054L D 002.00, 054L D 002.01 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,207 |
7,654 |
8,999 |
| Median Age: |
42.77 |
45 |
45.04 |
| Households: |
1,328 |
3,179 |
3,710 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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