Catylist ID: #30314525
647 FT Chapman Frontage Business up to 12.70 Acres near Lowes
Retail-Commercial for Sale
|Catylist Listing ID:||30314525|
|Property Subtypes:||Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other|
|Building Size (RSF):||8,549 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||3.98 Acres|
|Unit Price:||$140.37 PSF|
|Property Use Type:||Investment, Business|
|Sale Terms:||Cash to Seller|
Overview / Comments
A rare opportunity to buy 657.40 feet of frontage on Chapman Hwy in the hot South Knoxville area. This area has expanded quickly with Regal Cinemas moving their corporate offices to the area, the new condo and waterfront developments and Ijams Nature Center. Seller has been in business at this location for nearly 30 years. Sale consists of 3.98+/- acres with 3 buildings. More acreage available for a total of 12.70 +/-
(8.72 acres +/- can be added on for $325,000 but not sold separately)
This Chapman frontage can also be redeveloped for apartments, retail and other possibilities.
Building 1 is 4000 sq ft currently used as a auto repair, salvage and used car lot. Five overhead garage doors. Waste oil heater. secured fenced area. Paved frontage with lighted sign and reader board. Customer waiting area. 8 lifts including 2 twin post, 3 drive in on center post lifts and 3 center post lifts. Public water. On septic with force fed sewer at road.
Buildings 2 and 3 are combined 1760 sq ft and 2789 sq. ft. and include 2 center post lifts, 5 overhead doors, upstairs storage area, secured fenced area and more. All mounted items go with business and buildings. Other items negotiable including licenses for waste water permit, salvage license and dealership license. Building 2 is rented for $1000 a month.
Several utility vehicles can also be purchased.
The property attaches to another 8.72 acres that can be sold along with the Chapman frontage property for an additional $325,000. This acreage has three rental properties on them including a 4-room farmhouse that rents for $800 a month, a 3 bedroom 3 bath brick home that rents for $1000 a month, and a 1 bedroom 1 bath mobile home that rents for $550 per month.
Total combined acreage 12.70 +/-
Keep as existing business with a customer base of approximately 200 clients or develop. Would be a great location for apartments, hotel or restaurant.
Additional acreage can not be sold separately. Only sold with frontage. Total annual rental income $40,200. Additional business income.
Attachments & Media
|Taxing Authority:||Knox County|
|Tax ID/APN:||Parcel 138 047|
|Zoning:||COMMERCIAL CB AND ADDT ACREAGE PC|
|Retail Clientele:||General, Family, Business|
|Property Located Between:||Seymour and Downtown Knoxville|
|Largest Nearby Street:||Chapman Hwy|
|Feet of Frontage:||657|
|Highway Access:||In front of property|
|Site Description:||Level and slightly rolling with paved frontage. Back of property is graveled. Additional acreage is grass and pavement.|
|Area Description:||Fast growing area of Knoxville just south of Downtown. Close to UT, area hospitals, and other businesses. About 30 minutes to Sevier County attractions.|
|Total Number of Buildings:||3|
|Number of Stories:||2|
|Exterior Description:||Masonry concrete block buildings on slab. Paved parking. Gravel parking. Great Chapman frontage. Metal roofs.|
|Total Parking Spaces:||75|
|Parking Description:||Parking for 20-30 vehicles int he front of the buildings. Parking for at least 80 more vehicles behind building.|
|Heat Type:||Electricity, Other|
|Heat Source:||Heat Pump, Other|
|Air Conditioning:||Window Unit|
|Interior Description:||Concrete block building with offices and open work area with car lifts. Additional covered storage and second floor storage. Three restrooms.|
|Zoning Description:||Zoned CB Business and Manufacturing Zone for 3.98 acres. The additional 8.72 acres is zoned PC Planned Commercial|
|Sewer Type:||Septic, Other|
|Easements Description:||Hwy or typical|
|Land Ownership:||Fee Simple|
|Legal Description:||3.98 +/- acres Main Parcel 138 047 200701050055276 8.72 +/- acres Parcel 138 046 200204170086095 Business name can transfer with sale.|
|Proximity:||1 mile||3 miles||5 miles|
Michele KarlPriority Real Estate KAAR CIE Member
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