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: |
8/2/2022 |
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 |
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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