A Bit of Everything Home Goods

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30583728
Property Subtypes: Day Care Facility, Free-Standing Building, Street Retail
Building Size (RSF): 5,120 SF
Gross Building Area: See Agent
Gross Land Area: 5.87 Acres
Sale Price: $474,900
Unit Price: $92.75 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/24/2021

Overview / Comments

Entry to the Property is at grade from US Hwy 11W.

Two buildings on approximately 5.87 acres zoned for commercial use. Majority of the land is level and cleared with some trees at the rear of the property. An approximately 5,120 SF building dating from 2004, updated in 2017 and again in 2019 has five ADA compliant bathrooms divided between the upper and lower levels. On the upper level, two separated retail spaces faced with display-type windows front Rutledge Pike. On the lower level, an approximately 1,760 SF open span finished walk out basement flex space is appropriate to retail or office use.

This lower level would be appropriate as meeting space, gym, offices or storage use.

A second detached single-story building of approximately 17’ X 29’ is behind the main building. This structure has wood siding, a metal roof and with a single bath and was previously used as a sandwich shop.

Parking for cars or equipment is throughout the parcel. This includes 16 paved auto spaces in front of the main building. An approximately 169’ X 60’ gravel surfaced storage and parking area is at the rear of the main building.

Public water and electricity. Septic system.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,417 (Annual)
Tax Value Land $189,400
Tax Value Improvements $271,200
Assessed Value - Total($) $462,600 (Annual)

Additional Details

Nearest MSA: Morristown
County: Grainger
Tax ID/APN: 029092 04410
Zoning: C
Feet of Frontage: 150
Traffic/Vehicle Count: 10,714
Site Description: The site is in the Blaine community approximately 43 minutes from the City County Building in Knoxville and approximately 20 miles to I-40. Property fronts US-11W, Rutledge Pike, a major divided highway route which runs from Maine to Louisiana. Daily traffic at the site is 10,714 (TDOT 2019). Blaine is a city in Grainger County, Tennessee. It is a suburb of the neighboring city of Knoxville. It is part of both the Knoxville Metropolitan Statistical Area and the Morristown, Tennessee Metropolitan Statistical Area. The population was 1,856 at the 2010 census. Blaine is located in the southwest corner of Grainger County. It is situated around the intersection of U.S. Route 11W (Rutledge Pike), Tennessee State Route 61 and Indian Ridge Road. The city is southeast of the point where Grainger, Knox and Union Counties meet. Clinch Mountain and adjacent ridges rise prominently to the north and northeast, and House Mountain is visible to the southwest.
Area Description: From Knoxville, Blaine is connected via U.S. Route 11W (Rutledge Pike) and from Maynardville via TN61. Property is 19 miles northeast of Knoxville, 14 miles southwest of Rutledge, the county seat and 12 miles southeast of Maynardville. Property is on the same side of Rutledge Pike as Lea Springs Baptist Church and is clearly visible from the Highway.
Tenancy: Single Tenant
Total Number of Buildings: 2
Property Condition: Excellent
Year Built: 2004
Year Renovated: 2017
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Main building is single story at grade, gray brick veneer on front, vinyl siding and a metal roof. The walkout lower level exits onto an approximately 7’ X 4’ concrete deck . The upper level rear exit is onto an approximately 12’ X 6’ wooden deck via a wooden stairway. Entry to property and parking at front is asphalt. An approximately 169’ X 60’ gravel surfaced storage and parking area is at the rear of the main building. Beyond this is the detached second structure and a mowed grassy field.
Total Parking Spaces: 16
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Fluorescent lighting and 9’ ceilings are throughout the business areas of the building. All 5 rest rooms in the building are ADA compliant. Street level retail Suite #1 is approximately 30’ X 32’ with a rest room, cashier counter and approximately 7’ X 3’5” walk- in closet. Street level Suite #2 has an approximately 20’ X 22’ reception area, two rest rooms, five approximately 8’ X 11’ examining rooms/offices, one approximately 6’ X 11’ file room and an approximately 8’5” X 10’ break room. The lower level features an approximately 19’ X 18’ drive-in garage with overhead door and additional separate storage of approximately 19’ X 12’. Open span flex space on the lower level is approximately 32’ X 58’ and rest room served .
Lot Frontage: 150
Lot Depth: 667.11

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,393 12,902
Median Age: 40.82 40.57
Households: 1,318 5,009
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