111 W Broadway Ave, Suite A

Retail-Commercial for Sale
Catylist Listing ID: 30585832
Property Subtypes: Street Retail
Condo? Yes
Building Size (RSF): 1,807 SF
Gross Building Area: See Agent
Sale Price: $325,000
Property Use Type: Vacant/Owner-User
Building Name: Everly
Usable Size (USF): 1,807 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

111 W Broadway Ave. is located in the heart of downtown Maryville, TN and has been well known in the community since the early 1900's. Formerly the property was home to Roses Department Store, and more recently known as Tommy Covington Music Center that proved very successful for over 5 decades. Currently the property is being operated as a public event venue.

111 W Broadway Ave. - Suite A is a loft space accessible through a newly restored historic storefront. The space has been fully renovated with brick & plaster walls, hardwood floors, tall ceilings, new wiring, plumbing and HVAC. The entire building has a wet sprinkler system, which is monitored 24/7. This space is ready to use or lease as is or for build out for residential, open office, retail or event venue. Ample free public parking is available at street level directly across the street on Broadway in the public parking garage. The space consists of 1,807 square feet. Owner is proposing to sell this level of the building as condominium space. This level is currently leased, so it will provide investment income for a purchaser. There is good potential for a walkout rooftop patio to be developed on this level. There is currently one bathroom on this level, but plumbing has been roughed in to add a 2nd bathroom.

The entire 111 W Broadway Ave property (all 3 levels) is for sale for $899,000 for a total of 5,860 SF. The offer herein to sell individual levels as condominium suites, is subject to corresponding sale of the other 2 levels of the building. Owner will set up the condominium structure prior to sale.

Additional Details

Nearest MSA: Knoxville
County: Blount
Submarket Type: Central Business District
Taxing Authority: City of Maryville and Blount County
Tax ID/APN: 005057D D 02100
Is Condo?: Yes
Roof Type: Flat
Parking Type: Structure, Surface
Parking Description: Free parking in public parking garage across the street.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System

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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


Photograph of Listing Agent

G. Sam Tate, Jr., CCIM

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

Maribel Koella, CCIM, SIOR, FRICS, CRE

NAI Koella | RM Moore KAAR CIE Member
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