Commercial Corner Lot on 4th and Gill

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30702540
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 0.34 Acres
Sale Price: $175,000
Unit Price: $514,705 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Located on the corner of N 4th Ave and Gill Ave, two neighborhood lots are combined for commercial development. Former site known as the Governor’s Mansion, the Caswell-Tyler House has long been gone, leaving a great parcel for commercial development. Visible from Interstate I-40, the 34-acre site measures 91 feet of frontage on Gill Ave - 150 feet frontage on N 4th and 110 feet abutting the adjacent parcel. The property is in the Historic Overlay for the 4th and Gill Neighborhood and with C-G-2 zoning, many possible uses from commercial to multifamily and residential are available, subject to approval by the City.

Financials

Finance Data Year 2020
Assessed Value - Total($) $13,900 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082PA030; 082PA029
Zoning: C-G-2
Site Description: Level
Area Description: From I-40 just east of downtown, take Exit 389 to Hall of Fame Dr. Go south to E Magnolia Ave, left to Randolph, right to property on left corner of Randolph and Depot.
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,427 89,605 149,778
Median Age: 35.29 32.9 34.82
Households: 4,564 37,053 64,060
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