Great business opportunity! Blount county landmark! Lem's Corner

Retail-Commercial for Sale
Catylist Listing ID: 30041405
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station
Building Size (RSF): 1,748 SF
Gross Building Area: See Agent
Sale Price: $299,900
Unit Price: $171.57 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2018

Overview / Comments

Great business and investment opportunity! A rare chance to purchase a Blount County landmark know as "Lem's Corner"! This location was the go-to market for travelers and local folks for many years. It was a C-store/ gas station. Tanks have been removed and a clear environmental letter. One acre of level ground with Highway frontage to set up your business in the existing brick building or purchase additional acreage from current owner and develop your own strip center. Call agents to view this property and inquire about additional property adjoining this site. One great feature of this property is that the state only maintains a 100 ft right of way on the highway, so the setbacks aren't as deep as other surrounding businesses and properties. Call agent to view this property and inquire about additional property adjoining this site. THIS IS A GREAT INVESTMENT OPPORTUNITY, AS THE VALUE OF THIS PROPERTY WILL ROCKET UPWARD when the Walmart is built and the Pellissippi Parkway Extension is completed. Located beside the new Dollar General Store.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 048 124.00
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: East Lamar Alexander Parkway
Airports: Mcghee Tyson
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,748 SF
Property Condition: Fair
Year Built: 1961
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Other
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,860 17,693 44,817
Median Age: 43.88 43.64 40.66
Households: 1,110 7,100 17,507


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