Commercial Corner Lot on 4th and Gill
Vacant Land
for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
| Catylist Listing ID: |
30702540 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
0.34 Acres
|
| Sale Price: |
$175,000 |
| Unit Price: |
$514,705 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/26/2022 |
Overview / Comments
|
Located on the corner of N 4th Ave and Gill Ave, two neighborhood lots are combined for commercial development. Former site known as the Governor’s Mansion, the Caswell-Tyler House has long been gone, leaving a great parcel for commercial development. Visible from Interstate I-40, the 34-acre site measures 91 feet of frontage on Gill Ave - 150 feet frontage on N 4th and 110 feet abutting the adjacent parcel. The property is in the Historic Overlay for the 4th and Gill Neighborhood and with C-G-2 zoning, many possible uses from commercial to multifamily and residential are available, subject to approval by the City.
|
Financials
| Finance Data Year |
2020 |
| Assessed Value - Total($) |
$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 |
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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