Historic District Street Level Retail

Retail-Commercial for Sale
Catylist Listing ID: 30657799
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 10,900 SF
Gross Building Area: See Agent
Sale Price: $400,000
Unit Price: $36.70 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.59%
Last Updated: 4/8/2021

Overview / Comments

337 (red side in photos) is plumbed for a commercial kitchen. Updated 220v outlets. Close in the walkthrough and make a separate restaurant space with large display windows and antique original accents.

Call LA for showing appointment. Must have 24 hrs notice for showing. Show only during business hrs. M-F 10am-5pm. Masks required.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,752 (Annual)
Gross Operating Income $38,400 (Annual)
Net Operating Income $30,105 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Anderson
Submarket Type: Historic District
Tax ID/APN: 001074G K 01400
Zoning: COMMERICIAL/H-1
Retail Clientele: General, Business, Tourist
Property Located Between: Main St and Eagle Bend Rd.
Property Visibility: Excellent
Largest Nearby Street: Charles G. Seivers Blvd
Feet of Frontage: 27
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1925
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Interior Description: Currently open to 341 Market St, this wall can be finished should buyer want to separate this part of the building. Open floor plan with two large display windows, close to the intersection, and large parking lot. Best suited for retail, specialty boutique, professional space.
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,530 15,314 33,553
Median Age: 41.51 42.24 42.42
Households: 781 6,464 13,663

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORSĀ® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.