Commercial Building in Downtown Lenoir City

Retail-Commercial for Sale
Catylist Listing ID: 30820989
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,775 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $112.58 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2023

Overview / Comments

Own a piece of history. Constructed in 1920, this 3775 sf building fronts 2 streets, has the original exposed brick walls, and has an open floor plan with high ceilings. It would be perfect for retail, restaurant/pub or could easily be subdivided into 2 great spaces. Tons of character! Lots of renovation and growth in the immediate area.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: London County
Tax ID/APN: 053020LL00500
Retail Clientele: General, Business
Property Visibility: Good
Largest Nearby Street: Broadway
Site Description: Historical Downtown Lenoir City
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1920
Year Renovated: 1986
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Downtown parking.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,805 14,876 35,604
Median Age: 32.67 37.29 43.82
Households: 1,074 5,750 14,236


Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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