647 Ft Chapman Frontage Business Acreage

Retail-Commercial for Sale
Catylist Listing ID: 30829184
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 8,549 SF
Gross Building Area: See Agent
Gross Land Area: 3.98 Acres
Sale Price: $1,200,000
Unit Price: $140.37 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2023

Overview / Comments

A rare opportunity to buy 657.40 feet of frontage on Chapman Hwy in the hot South Knoxville area. Seller has been in business at this location for nearly 30 years. Sale consists of 3.98+/- acres with 3 buildings.

Building 1 is 4000 sq ft currently used as a auto repair, salvage and used car lot. Five overhead garage doors. Waste oil heater. secured fenced area. Paved frontage with lighted sign and reader board. Customer waiting area. 8 lifts including 2 twin post, 3 drive in on center post lifts and 3 center post lifts. Public water. On septic with force fed sewer at road. Buildings 2 and 3 are combined 1760 sq ft and 2789 sq. ft. and include 2 center post lifts, 5 overhead doors, upstairs storage area, secured fenced area and more. cont..

All mounted items go with business and buildings. Other items negotiable including licenses for waste water permit, salvage license and dealership license.

Building 2 is rented for $1000 a month.

Several utility vehicles can also be purchased.

Keep as existing business with a customer base of approximately 200 clients or develop. Great location. On septic, sewer at road.

Utilities include natural gas, water, septic, sewer at road, electric.

Licenses and Permits:
Waste Water Permit
Salvage License
Dealership License

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 138 047
Retail Clientele: General, Business
Property Located Between: Chapman Hwy.
Property Visibility: Excellent
Largest Nearby Street: Hwy in front of property
Feet of Frontage: 647
Airports: McGee Tyson
Site Description: Level and slightly rolling acreage with multiple buildings. Bldg 1 4000 sq ft. Bldg 2-3 combined 1760 sq. ft. -2789 sq. ft. Paved frontage. Back of property is gravel. Metal roofs. Great location
Area Description: Located between Seymour and downtown Knoxville.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Construction/Siding: Block
Exterior Description: Masonry concrete block building on slab. Paved parking. Gravel parking. Great Chapman Hwy. frontage.
Parking Type: Surface
Parking Description: 20-30 spaces in front of the buildings. Parking for at least 80 more vehicles behind building.
Heat Type: Natural Gas, Other
Heat Source: Other
Interior Description: Concrete block building with offices and open work area with car lifts. Additional coverage storage and second floor storage. Three restrooms.
Zoning Description: CB Commercial Business
Lot Frontage: 657.4
Lot Depth: 595.6
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Legal Description: 138 047 200701050055276

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,379 14,867 49,644
Median Age: 45.89 42.41 38.69
Households: 612 6,103 20,796


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