25k Cars Daily, signalized intersection, Lafollette TN

Retail-Commercial for Sale
Catylist Listing ID: 30138434
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Service Station/Gas Station, Street Retail
Building Size (RSF): 12,926 SF
Gross Land Area: 1.21 SF
Sale Price: $555,000
Unit Price: $42.94 PSF
Property Use Type: Vacant/Owner-User
Building Name: 516 W Central Avenue, Lafollette, TN
Usable Size (USF): 12,926 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2017

Overview / Comments

This parcel offers outstanding traffic counts, exposure and signalized corner access on busy Jacksboro Pike/W. Central Ave/Hwy 25 West, which provides the major east/west thoroughfare for Campbell County/Jacksboro/LaFollette.

The property is improved with almost 13,000 sq ft of functional showroom and shop space. In the event of a sale, the property may be suitable for remodeling for multiple uses or demolished for redevelopment.

Located along a major thoroughfare with limited services offered to the local population. The site has seen traffic counts increase every year over the last ten years other than 2015. Today it offers 7,370 more cars versus year 2006.

For sale at $555,000.00 or for lease at $4,400.00+NNN's. Ground leases also entertained.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Campbell
Taxing Authority: LaFollette, Campbell County
Tax ID/APN: 094BB049.0
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: W. Central
Feet of Frontage: 325
Traffic/Vehicle Count: 25,925
Highway Access: I-75, 6 miles
Airports: McGhee Tyson 1 hour
Site Description: 1.21 Acres with 12,926 Sq ft of showroom/shop space improvements located in the heart of busy Central Ave. in LaFollette. Regular rectangular lot with 325 Ft of frontage.
Area Description: High visibility at signalized corner Located in the heart of an under-served population 325 ft of frontage 25,925 ADT Ideal uses may be: Retail Strip or QSR pad redevelopment Convenience store Showroom Repair Shop
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,926 SF
Year Built: 1965
Roof Type: Flat
Construction/Siding: Brick
Lot Frontage: 350
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Unknown

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,973 9,345 18,156
Median Age: 37.03 40.62 41.16
Households: 1,605 3,800 7,309

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