Commercial Building in Tellico Plains

Retail-Commercial for Sale
Catylist Listing ID: 30842853
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 4,760 SF
Gross Land Area: 0.60 Acres
Sale Price: $318,000
Unit Price: $66.81 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/18/2023

Overview / Comments

Prime location commercial building in the heart of Tellico Plains with visibility from Highway 68 located on Bank St next to auto parts store and post office this building has many possibilities for the growing Tellico Plains market. The building could be used entirely of the 4760 sq.ft. or split into 3 sections of interior 2040 sq.ft space, 1326 sq ft space, and 1190 sq ft space. In total the building has 7 garage doors and smaller doors, in total there are 2bathrooms and 1 office room. The building could easily be transformed into office space, restaurant, garage. Building has two electric meters, city water and city sewer, could have sitting area outside or an additional outdoor business. Ample parking for 30+ vehicles. So many opportunities just waiting to be had. O/A property

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 06213604500
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Located Between: Next to Post Office and NAPA
Property Visibility: Good
Largest Nearby Street: Highway 68
Feet of Frontage: 125
Traffic/Vehicle Count: 7,000
Highway Access: Bank St, bank of building visible to highway 68
Airports: Knoxville and Chattnooga
Site Description: Prime location inside of Tellico Plains city limits, visibility from highway 68. Flat lot parking area 151ft x 140ft.
Area Description: Located in the heart of Tellico Plains and business, close to Cherohala Skyway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1981
Construction/Siding: Block
Exterior Description: Block exterior
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Open lot 151 x140
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: DSL
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines
Easements Description: TVA power line across parking lot

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,252 3,926
Median Age: 40.98 40.71
Households: 915 1,555

Contact

Photograph of Listing Agent

Melissa Wiseman

Tellico Mountain Realty KAAR CIE Member
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