Retail Property For Sale

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30595451
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 7,139 SF
Gross Building Area: See Agent
Gross Land Area: 1.42 Acres
Sale Price: $725,000
Unit Price: $101.55 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2020

Overview / Comments

The subject property is approximately 1.42 acres improved with a building of approximately 7,139 square feet. The property is zoned B-3 (Intensive Business District), a district for retail and other commercial establishments. There is a median cut in front of the property on Decatur Pike. Average daily traffic counts are +/- 20,090 on Decatur Pike and +/- 39,376 on I-75. The site has over 90 parking spaces, a loading dock, a large pole sign and two points of ingress/egress.

The building was built circa 1991 and is currently occupied by Russell Stover Chocolates. They anticipate vacating the building by August.

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 046 239.00
Area Description: The subject property is located 0.4 miles from Interstate 75 exit # 49 at the corner of Decatur Pike and Lee Erwin Road in Athens, TN.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,522 25,882
Median Age: 40.14 40.35
Households: 4,940 10,460

Contact

Photograph of Listing Agent

James Roberson, SIOR, CCIM

NAI Koella | RM Moore KAAR CIE Member
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