Prime Corner in South Knox for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30777405
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 37,278 SF
Gross Building Area: See Agent
Sale Price: $999,999
Unit Price: $26.83 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2022

Overview / Comments

Prime corner in South Knox for sale! Excellent visibility! Corner of Martin Mill Pike and Ogle Ave.
4201 Martin Mill Pike old " Pease Furniture Store" now the home of KMMA
2 story Building consists of 37,278 total sq ft.
28,278 sq ft of retail
9,000 sq ft of warehouse with 2 loading docks/roll up doors.
1.77 total acres with 1.19 acres available for parking.
NEW Roof over most of the building 2021

4120 & 4124 Martin Mill Pike "The Shops at Vestal"
One story strip 3,752 sq ft
This building does need a total renovation but if building is restored it is allowed to stay and is grandfathered in place. If torn down, nothing can be built back.
Over 2 acres with these parcels

Sale includes the following parcels:
123AG00501, 123AC043, 123AC042

Seller will sub-divide parcels as follows:

3 parcels known as 4120 & 4124 Martin Mill Pike "The Shops at Vestal" priced for $89,900

Front part of 4201 Martin Mill Pike consisting of the front building only with approximately 11,000 sq feet (5,500 upstairs and 5,500 downstairs) with additional 900 sq ft of office/annex space. These spaces are heated. Priced for $550,000.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 123AG003
Retail Clientele: General
Property Located Between: Corner of Martin Mill Pike and Ogle Ave
Property Visibility: Excellent
Largest Nearby Street: Chapman Hwy/US 441
Airports: TYS
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1925
Year Renovated: 1970
Parking Type: Surface
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,331 55,715 120,237
Median Age: 30.24 31.14 34.66
Households: 2,379 21,887 50,026


Photograph of Listing Agent

Jennifer Scates

Holrob KAAR CIE Member
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