Retail or Office Space in Townsend, TN

Retail-Commercial for Sale
Catylist Listing ID: 30835666
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 3,128 SF
Gross Building Area: See Agent
Sale Price: $599,900
Unit Price: $191.78 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,128 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 3/13/2023

Overview / Comments

Located in the Trillium Cove Shopping Village, less than two miles from the entrance to the Great Smoky Mountains National Park (Cade's Cove entrance), this one building is comprised of two units. Each unit has 1564 square feet. They are currently opened to each other to make one large shop space that is presently a retail and stained glass shop. However, they can easily be closed to rent or utilize as two separate spaces. They do have separate electric meters as well. Public utility water, mowing, and private septic system that is owned and maintained by Tennessee Wastewater are included in the $75/month HOA fee. Owner is willing to lease back one unit for 1-2 years, possibly longer, depending on buyer's needs. Trillium Cove Shopping Village is comprised of 25 units in a Planned Unit Development, surrounded by connecting sidewalks, common area, and landscaping to create a pedestrian shopping experience. The Trillium Cove development is surrounded by a one way road, that is lined with parking spots, in addition to the rear overflow parking lot. It adjoins Hwy 321 (East Lamar Alexander Parkway) and the Townsend Walking and Biking paths that go through Townsend on both sides of the highway and are connected by three tunnels. Townsend boasts a huge traffic count being a gateway city into one of the most visited National Parks in the United States at close to 14 million visitors, with Cades Cove being the most visited location inside the GSMNP.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 005096EC00200
Zoning: B-1
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Largest Nearby Street: East Lamar Alexander Parkway
Airports: McGee-Tyson Airport
Site Description: Located in the Trillium Cove Shopping Village. 25 total units in the Planned Unit Development.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 2005
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Parking Type: Surface
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Cable
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Other
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,006 1,821 3,798
Median Age: 48.6 50.88 51.52
Households: 443 817 1,691


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