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: 11/8/2020

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

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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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