The Palace Theater

Retail-Commercial for Sale
Catylist Listing ID: 30566639
Property Subtypes: Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 5,280 SF
Sale Price: $725,000
Unit Price: $137.31 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Palace Theater
Usable Size (USF): 5,280 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/11/2020

Overview / Comments

The iconic Palace Theater is a Historic site in downtown Maryville TN. The theater is located next door to Blount Counties own Sullivan's restaurant that seats over 220. If you looking for a private owned Jazz Club or Sports Venue, The Palace would be excellent venue offering amazing acoustics. This location in the past has produced live entertainment concerts, conventions, and meetings of all types. Seating is set as stadium/theatrical seating and is ready for the next concert. The basement level is over 1200 square feet facing Harper Avenue is currently leased with an amount of $1,200 per month. The property is being currently offered with the full equipment, such as projectors, full theater sound system, espresso bar, plus your very own PalaceTheater.com website. The theater has ample free parking across the street. Walking distance to Maryville College, Greenway Trails, and 100 yrs of History. It is one of the many corner stones of Downtown Maryville.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 005057D D 01900
Zoning: COMMERCIAL RETAIL TRADE GENERAL
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Maryville and Alcoa TN
Property Visibility: Good
Largest Nearby Street: West Broadway Avenue
Feet of Frontage: 80
Traffic/Vehicle Count: 11,476
Highway Access: Hwy 129 Alcoa Hwy
Airports: TYS McGhee Tyson approximated 4.1 Miles
Site Description: Part of Downtown Maryville TN / Parking Directly across from The Theater
Area Description: Walking Downtown District / a short distance from Farmers Market
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,280 SF
Property Condition: Good
Year Built: 1915
Year Renovated: 2013
Construction/Siding: Block
Exterior Description: Brick and Block
Parking Type: Other
Parking Description: Across the street and two parking garages for clientele.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable, DSL
Interior Description: Theater style sitting with finished balcony
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

Contact

Photograph of Listing Agent

Mike Howell, e-Pro, ABR

Keller Williams
KAAR CIE Member
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