N Broadway Building Retail Residential

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30212313
Property Subtypes: Free-Standing Building, Mixed Use
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 11,872 SF
Gross Land Area: 0.30 Acres
Sale Price: $695,000
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/8/2018

Overview / Comments

Rare opportunity to own a commercial/residential property on N Broadway with 107.30 feet of frontage. The upper level has two approximately 1800 sq ft stylish condos that are currently rented for $1200 each per month. These condos look like they came straight out of a New York Interior Design magazine with fashionable architecture. Each unit has 3 bedrooms 2 baths with laundry area. Nice wood floor entrance and in the condos with parking at rear of building. The lower level has several spaces that can be finished and rented out separately. This level opens up to an outdoor courtyard area. Traffic Light at corner gives this building added value. So many possibilities for this property. Sale includes a lot behind building on Rider Ave. 50x150. Additional parking lot for sale next door. Upstairs zoned O-1. Lower level zoned C-3. Located across the street from the Historic Fairmont area. 11872 sq ft total.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville
Tax ID/APN: 069ML053
Is Condo?: Yes
Zoning: C-3 AND O-1
Retail Clientele: General, Business, Other
Property Located Between: Knoxville area
Property Visibility: Excellent
Largest Nearby Street: N Broadway
Feet of Frontage: 107
Airports: McGee Tyson
Site Description: 11872 sq ft building with open courtyard, two condos on upper level and warehouse/retail space on lower level.
Area Description: Up and coming area with high traffic count. Across from Historic Fairmont Community.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1975
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Masonry block with open courtyard area. U-Shaped area with retail/warehouse space on both sides of lower level.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: About 20 spaces behind building. Lot on Rider Ave 50x150 goes with property. Parking lot next door also for sale.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: The main level has two approximately 1800 sq ft stylish condos that are currently rented for $1200 each per month. Each has 3 bedrooms 2 baths with laundry area. Nice wood floor entrance with parking at rear of building. The lower level has several spaces that can be finished and rented out separately. This level opens up to an outdoor courtyard area.
Zoning Description: C-3 and O-1
In Flood Plain?: Yes
Lot Frontage: 107
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: Building 069ML053 Lot 069ML051

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,752 80,694 167,796
Median Age: 37 35.31 35.12
Households: 6,568 35,825 70,782

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