711 N Cherry Street, Knoxville, TN 37914 for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30837269
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 2,688 SF
Gross Building Area: See Agent
Sale Price: $296,000
Unit Price: $110.12 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/17/2023

Overview / Comments

Cherry Street is a well maintained 100% Occupied Office/Retail facility that is located at the signalized intersection of Cherry Street and Washington Ave. Only 1,250 feet from I-40, which has a daily traffic count of 90,000.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082JF018
Retail Clientele: General
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1984
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Air Conditioning: Engineered System
Zoning Description: C-N
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,762 75,379 152,835
Median Age: 37.68 33.7 35.3
Households: 5,684 30,552 64,610

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