Opportunity Zone - Oak Ridge Turnpike Corner Former UGO
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: |
30642278 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
|
| Building Size (RSF): |
30,944 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.63 Acres
|
| Sale Price: |
$1,965,000 |
| Unit Price: |
$63.50 PSF |
| In Opportunity Zone? |
Yes |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/18/2021 |
Overview / Comments
Come see this large corner lot of Oak Ridge Turnpike and Louisiana Ave. Formerly the UGO grocery store, this property would make a great investment for many retailers or commercial freestanding buildings. Approximately 2.61 acres between 2 parcels, additional parcels could be added to this site with negotiation. Buildings are in need of several repairs and are of little value however currently occupied by month to month tenants, value is in the land and location.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Anderson |
| Taxing Authority: |
Oak Ridge |
| Tax ID/APN: |
001105A B 01900 |
| Zoning: |
B2 |
| Retail Clientele: |
General, Business |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
430 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Parking Type: |
Surface |
| Heat Type: |
Electricity, Natural Gas |
| Lot Frontage: |
430 |
| Lot Depth: |
255 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Legal Description: |
Parcel# 105A B 019.00 & 105A B 018.00 Lot 433 & 434B Commonly known as 1980 & 1990 Oak Ridge Turnpike Approx 2.63 acres |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,416 |
20,275 |
33,662 |
| Median Age: |
36.26 |
40.77 |
42.91 |
| Households: |
2,275 |
8,793 |
14,517 |
|
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