Happy Holler Development Opportunity

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30809597
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 3 Units
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 30,000 SF
Sale Price: $950,000
Unit Price: $316,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/18/2022

Overview / Comments

Attention Developers!! 1600 and 1608 North Central Street are to be sold together and roughly total .68 acres. Entire parcel consists of a 2-story fourplex house (4 apartments), a single use house, a commercial building, and land all located in the Happy Holler Historic District where you'll find cafes, bakeries, vintage and antique stores plus the Central Cinema known for its arthouse and cult movies. These rentals are the perfect location for those tenants who want more neighborhood charm; and a commercial building ready to be outfitted as an addition to an already unique part of Knoxville. Current rents are bringing in $3,800 a month with the commercial spot being vacant. Build off of what is already there or start from scratch to make this development a special one!

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 081KH033
Zoning: COMMERCIAL
Property Located Between: N Central and E Oldham
Site Description: 1608 and 1600 N Central to be sold together.
Total Number of Buildings: 3
Property Condition: Average
Year Built: 1910
Construction/Siding: Other
Exterior Description: Currently a Four-Plex, commercial building, and individual house. This is perfect to add on to or start from scratch and development your own concept.
Parking Type: Surface
Parking Description: Parking by the 4-plex, land area, and on the street.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit, Window Unit, Other
Lot Frontage: 150 Feet
Lot Depth: 200 Feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: Parcel ID 081kh033, 081kh03300a, 081kh034

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,781 93,379 172,603
Median Age: 34.66 32.52 35.09
Households: 4,328 39,220 73,958

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