Former Bank Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30410730
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 2,459 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 Acres
Sale Price: $575,000
Unit Price: $233.83 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Bank Building
Sale Terms: Cash to Seller
Last Updated: 9/23/2020

Overview / Comments

Rare opportunity located in beautiful, busy Fountain City!! This former bank building is located at 5221 N. Broadway nestled between major retail centers just south of the historic Fountain City Duck Pond. This site is directly across from Fountain View Plaza home to Firehouse Subs, Salsarita's, Great Clips, Sun Tan City and next to Kroger MarketPlace. Traffic counts are nearly 50,000vpd. Property is located near lighted intersection of Broadway Street and Cedar Lane. Property has ten (10) year bank restriction.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058KC00301
Zoning: C-3
Retail Clientele: General, Family, Business
Property Located Between: Cedar Lane and Knox Rd on Broadway Street
Property Visibility: Excellent
Largest Nearby Street: Broadway Street
Feet of Frontage: 109
Traffic/Vehicle Count: 49,448
Highway Access: Property fronts and has direct ingress and egress to Broadway Street (U.S Rte 441) with traffic counts near 50K vpd. Interstate 640 is just over a mile from this site with traffic counts of approximately 60K vpd. U.S. Rte 441 is a spur route of U.S. Route 41. Between its termini, US 441 passes through the states of Florida, Georgia, North Carolina and Tennessee.
Airports: Knoxville Regional Airport (TYS) is approximately 18 miles southwest of site
Site Description: Rare opportunity in Fountain City! This property has over 100’ of frontage and direct ingress and egress on Broadway. The property has an irregular shape and comprises approximately 0.54 acres, with a building of 2,459+/- square feet. It currently has several drive thru lanes and is categorized in Zone A for flood risk.
Area Description: Fountain City is a neighborhood in northern Knoxville, Tennessee, serviced by two zip codes, 37918 and 37912. The community is bordered by several ridges making for a tight trade area. Interstate 640 runs along Fountain City’s southern side and Interstate 75 runs along the western side of the community. The primary road for Fountain City is Broadway, a section of US Hwy 441 that connects Fountain City to Halls to the north and downtown Knoxville to the south.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,459 SF
Property Condition: Good
Year Built: 1983
Year Renovated: 2007
Construction/Siding: Brick
Total Parking Spaces: 19
Parking Type: Surface
Parking Description: Asphalt surface parking
Zoning Description: C-3
In Flood Plain?: Yes
Lot Frontage: 109'
Lot Depth: 272' Irregular
Water Service: Municipal
Legal Description: Situated in District Seven (7) of Knox County, Tennessee; and within the 37th Ward of the City of Knoxville, Tennessee, and being more particularly described as follows: Beginning at a 1" iron rod found in the southwest right-of-way of North Broadway Street, said point being the southeast comer of First Tennessee (1749/292) and the northeast comer of the property described herein; thence, running with said right-of-way South 31 degrees 42 minutes 53 seconds East 105.52' to a 3/8" rebar found, said point being the northernmost comer of Broadway Levcal LLC (20061214-0049708); thence, leaving said right-of-way and running with Broadway Levcal LLC South 17 degrees 46 minutes 23 seconds West 37.98' to a 1/2" rebar found; thence, continuing with Broadway Levcal and then with First Tennessee (1951/1151) along a curve (Radius = 386.26' Delta= 40 degrees 38 minutes 04 seconds) to the right, a chord bearing and distance of South 87 degrees 23 minutes 14 seconds West 268.23' to a 5/8" rebar found in the south line of First Tennessee (1749/292); thence running with First Tennessee North 58 degrees 20 minutes 37 seconds East 263.24' to the point of beginning and containing 0.527 acres by survey of Grady C. Phillips, Tennessee R.L.S. No. 2488, dated August 2, 2007. Being the same property conveyed to Union Planters Bank of East Tennessee, National Association by Deed of record in Book 2150, page 65, Register's Office for Knox County, Tennessee. The said Union Planters Bank of East Tennessee, National Association having merged into Union Planters Bank, National Association by Certificate of Merger effective January 1, 1998 and Union Planters Bank, National Association, having been merged into Regions Bank by Articles of Merger effective June 29, 2005. Instr: 200708090012633

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,918 66,636 148,791
Median Age: 40.68 38.54 37.22
Households: 2,797 29,255 63,498


Photograph of Listing Agent

Pepper Bobo

Holrob KAAR CIE Member
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