Large Multi-Purpose Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30516767
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related
Building Size (RSF): 35,750 SF
Gross Land Area: 1.98 Acres
Sale Price: $3,250,000
Unit Price: $90.91 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Floyd Garrett's Muscle Car Museum
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2019

Overview / Comments

Located on the southbound side of Winfield Dunn Parkway in downtown Sevierville, Floyd Garrett's Muscle Car Museum has been a familiar sight to arriving tourists to this Smoky Mountains region for the past 24 years. It was built to house an impressive collection of vintage muscle cars. It has potential for a variety of commercial uses for the investor or owner-user. Conversion from museum or warehouse use to general retail or other commercial uses may require acquisition of contiguous land for additional parking.

. High Traffic Area - 45,972 ADT
. Fair Road Visibility
. Access via Signalized Intersection
. Area draws 15 million annual visitors
. Well-built and maintained
. 3-Phase 1,200-amp electrical service
. Concrete floor designed for heavy loads
. Recently upgraded HVAC's
. Recently resealed surface parking lot

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 049G B 004.02
Zoning: C-3 INTERMEDIATE COMMERCIAL DISTRICT
Retail Clientele: General, Family, Traveler, Tourist, Convention
Property Visibility: Fair
Largest Nearby Street: Winfield Dunn Parkway (US 441/Hwy. 66)
Feet of Frontage: 379
Traffic/Vehicle Count: 45,972
Highway Access: Winfield Dunn Parkway;
Site Description: 1.98-acre riverfront tract, improved with a 35,750 sq.ft. commercial building with traffic light access. Surrounding businesses include fuel station/C-store, retail shops, restaurants, hardware stores, and grocery stores.
Area Description: Located in the tourist city of Sevierville, TN, the county seat for Sevier County, TN, a primary tourist destination for the Eastern U.S. that attracts 11-15 million annual visitors.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 35,750 SF
Property Condition: Excellent
Year Built: 1995
Parking Type: Surface
Parking Description: Onsite, paved in front of building
Zoning Description: C-3 Intermediate Commercial District
Lot Frontage: 379
Lot Depth: 221
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: 20-foot wide utility easement
Land Ownership: Fee Simple
Legal Description: Map 049G, Group B, Parcel 004.02

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,127 29,502
Median Age: 38.93 39.07
Households: 8,804 11,630

Contact

Photograph of Listing Agent

David L. Gothard

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

August Timisela

NAI Koella | RM Moore KAAR CIE Member
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