"Historical" Building for Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30460226
Property Subtypes: Street Retail
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Sale Price: $410,000
Unit Price: $157.69 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2019

Overview / Comments

*Offering consists of 1 building/section.

*Approximately 2,600 SF building with an additional rear parking lot.

*This building is part of a larger parcel and subject property to be surveyed off separately prior to a closing sale on property.

This is a CONFIDENTIAL LISTING. Please contact Bart Mitchell or John Rebori, CCIM, prior to showing property. In regard to any viewing, please use discretion and do not discuss property in public, in front of customers, or other tenants, etc.

Note: a) Current Tenant excluded from co-op broker fee.
b) Tentative first right of refusal.

Attachments & Media

Financials

Finance Data Year 2019
Gross Operating Income $26,400 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081NH011
Zoning: C-3
Site Description: *On-site parking lot at rear of property and on street parking. *City of Knoxville has just finished an elaborate street scape project with new sidewalk benches, pedestrian crossovers, tree planters & shrubs, etc. *Central Cinema' currently occupies the building. DO NOT DISTURB or SPEAK with current Tenant.
Area Description: Subject property entails a building on notable portion of the west side of Happy Holler Historic District, a district just 1 mile north of downtown Knoxville. Happy Holler's period of significance extends from 1909 thru 1961 and in 2014 was added to the National Register of Historic Places. Being one of seven Knoxville neighborhoods/commercial districts based around the historic trolley rail systems. From downtown Knoxville, go 1 mile north on N Central St to property on the left.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1935
Exterior Description: Brick, glass and concrete, etc. Subject Property preliminary qualifies for a facade grant from the City of Knoxville's Facade Improvement Program.
Parking Type: Surface
Interior Description: Hardwood floors, brick, etc. One building/section has been renovated and currently used by "Central Cinema".

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,714 89,782 164,352
Median Age: 34.28 32.36 35
Households: 3,884 37,536 70,242
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