Historic Building in Walking Downtown District

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30703989
Property Subtypes: Mixed Use, Movie Theatre, Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 9,120 SF
Sale Price: $779,900
Unit Price: $85.52 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Pflanze Building
Usable Size (USF): 9,120 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

Welcome to the Historic Charles Pflanze building, a location with history as colorful as Blount County herself. Built in 1868 as a furniture & casket factory, it has served as a funeral parlor, 5&10, drug store and is most remembered as a movie theater. Today the Pflanze building houses The Palace Theater and Espresso Bar as well as a separate lower level 1200 sqft retail space currently renting for $1,400/mth. Being offered with all equipment necessary to continue as a theater and espresso bar, (including the PalaceTheater.com domain) the building can easily be modified to fulfill any commercial need. A brand-new roof, easily adjustable main floor, room for second story expansion and ample municipal parking opens this location to endless possibilities. Take advantage of the revitalization of the walking downtown district and don’t miss out on your chance to own this piece of Maryville History.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 005057D D 01900
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Alcoa and Townsend, TN
Property Visibility: Good
Largest Nearby Street: W. Broadway Ave and HWY 321
Feet of Frontage: 80
Traffic/Vehicle Count: 11,476
Highway Access: Hwy 129 Alcoa Highway and Highway 321
Airports: TYS McGhee Tyson
Site Description: Centrally located in Downtown Maryville District with free parking directly across from the building
Area Description: Walking Downtown District; walking distance to parking, restaurants, retail and office
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,280 SF
Property Condition: Good
Year Built: 1868
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick and block exterior with windows on facing front and rear
Parking Type: Other
Parking Description: Street parking close by; two multilevel parking garages- one directly across the street and one within walking
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable, DSL
Interior Description: Theater style seating with floor that can be adjusted; finished balcony; under floor storage; finished balcony; multiple restrooms; large open area to accommodate offices etc; lower level retail space with tenant; main level counter space with restaurant quality equipment
Zoning Description: Commercial Retail Trade
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,919 46,586 69,413
Median Age: 34.61 39.41 40.49
Households: 2,745 18,858 27,746


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