Landmark Building @ Corner of N Central & Anderson For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30657031
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 10,920 SF
Gross Building Area: See Agent
Gross Land Area: 4,722 SF
Sale Price: $590,000
Unit Price: $54.03 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2021

Overview / Comments

Older building, ground floor and second floor retail space, full basement good for storage. Situated in the Happy Hollar redevelopment area of Knoxville at the intersection of Central St and W Anderson Ave.

Contact Listing Agent for showing. Do not disturb the occupants. Tenant will need 60 days after closing to vacate.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,185 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081NH012
Zoning: C-G-2
Property Visibility: Excellent
Feet of Frontage: 501
Site Description: Level corner lot. Signalized intersection. Adjacent to buildings that are being updated as retail establishments. Next to a cinema. Some limited parking in front of the building but ample street parking.
Area Description: I-75 North in Knoxville to the Baxter Ave Exit. East onto Baxter Ave to Central St, then left to corner of Central and W Anderson Ave. The property is next to the Central Cinema.
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1935
Roof Type: Arched
Construction/Siding: Other
Exterior Description: Plaster with some limited parking in front but ample street parking. Nicely windowed exterior walls.
Parking Type: Surface
Interior Description: Wood flooring, barreled second floor ceiling, the floors are generally open. There is also an apartment area on the second floor.
Lot Frontage: 50.13
Lot Depth: 99.97

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,714 91,778 164,352
Median Age: 34.28 32.29 35
Households: 3,884 38,377 70,242
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