Road and River Frontage and Rental Income

Retail-Commercial for Sale
Catylist Listing ID: 30735145
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,660 SF
Gross Building Area: 8,456 SF
Gross Land Area: 2.58 Acres
Sale Price: $989,000
Unit Price: $148.50 PSF
Property Use Type: Investment, Business
Building Name: Anitque Mall
Usable Size (USF): 7,304 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/11/2021

Overview / Comments

The possibilities are endless with this property of over 2.5 acres with road frontage and river frontage. 3 Buildings on the property. There is 2 bed/1 bath apartment, a 2 bed/2 bath apartment and a 1 bed/1bath cottage. The 2/1 has rented for 2 years at $900/month and the 1 bed cottage has rented for $650/month. You have over 4400 sq ft of retail space in the main building and over 2200 upstairs. The cottage is 644 sq ft. With a 3rd building that could be finished to add another 1 bed/1bath cottage that is over 1100 sq ft.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $3,319 (Annual)
Potential Rental Income $30,000 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005060 05701
Zoning: 1R2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Walland and Maryville
Property Visibility: Excellent
Largest Nearby Street: Lamar Alexander Parkway
Feet of Frontage: 476
Highway Access: East Lamar Alexander Parkway & Foothills Parkway
Airports: McGhee Tyson Airport
Site Description: River Frontage 407 LF
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Year Renovated: 1991
Construction/Siding: Wood Siding
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Electricity, Propane
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: 1R2
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,647 16,095
Median Age: 45.27 45.08
Households: 2,649 6,353
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