RED-LIGHT CORNER FREESTANDING BANK-RETAIL MEDICAL DRIVE THRU

Retail-Commercial for Sale
Catylist Listing ID: 30784110
Property Subtypes: Car Wash, Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 3,200 SF
Gross Land Area: 0.69 SF
Sale Price: $449,910
Unit Price: $140.60 PSF
In Opportunity Zone? Yes
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

EXCELLENT VALUE - 3,200 SF COMMERCIAL BANK! FREESTANDING RETAIL WITH DRIVE-THRU. FORMER BANK BRANCH SITUATED ON .69 ACRES. GREAT FOR FAST FOOD, RETAIL, BANK, COFFE SHOP OR OTHER REPURPOSE. THE PROPERTY IS CONTIGUOUS TO AND CAN ALSO BE PURCHASED With THE ADJOINING REDLIGHT CORNER WHICH CONTAINS 1.92 ACRES. EXCELLENT LARGE PYLON SIGN ON OAK RIDGE TURNPIKE. TRAFFIC COUNT OVER 21K AVERAGE PER DAY.

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Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: City of Oak Ridge
Tax ID/APN: 001105AB01800
Zoning: B2
Retail Clientele: General, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: OAK RIDGE TURNPIKE
Feet of Frontage: 110
Traffic/Vehicle Count: 21,500
Highway Access: DIRECT ONTO OAK RIDGE TURNPIKE
Site Description: Drive thru Retail Opportunity, previously Retail Bank Branch location contiguous to RED LIGHT CORNER site (which is also being offered for sale) 100 feet of Road Frontage located Directly on the Oak Ridge Turnpike. All City Municipal Utilities on Site. Property is improved with a 3,200 SF Building. Great C Store, retail, Restaurant site mini storage and or other use. Adjacent property former Bank Branch can be purchased as well. Providing a total site area of 2.61 acres.
Area Description: LOCATED IN THE CITY OF OAK RIDGE HIGHLY VISIBLE LOCATION. NEAR OAK RIDGE COUNTRY CLUB AND AREAS LARGEST EMPLOYERS
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1969

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,416 20,275 33,662
Median Age: 36.26 40.77 42.91
Households: 2,275 8,793 14,517

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