Catylist ID:
#30843987
C-Store Income, and Baseball Bonanza!
Undisclosed Address, Knoxville, TN 37917
Retail-Commercial
for Sale
| Catylist Listing ID: | 30843987 |
| Property Subtypes: | Convenience Store, Restaurant, Street Retail, Other |
| Building Size (RSF): | 3,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.57 Acres |
| Sale Price: | $1,900,000 |
| Unit Price: | $633.33 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/26/2023 |
Overview / Comments
|
Don't miss this downtown bonanza! Active convenience store, prepared deli, and parking lot on a high-visibility corner are minutes from Knoxville's new baseball and multi-use stadium. Zoned DK-E, the C-Store business alone generates an annual NOI of $300K. The deli is currently not in use, but list price includes all equipment to operate a full-service deli for an additional revenue stream: 4-burner range, flat grill, pizza oven, pizza prep station, hood with exhaust (not yet installed), grease interceptor, walk-in coolers and more. (See full inventory list.) Buy today with turnkey business, make money until ready to redevelop, and benefit in the future from the 13-minute walk to the up-and-coming stadium. Upgraded electrical and plumbing. All FFE and inventory included in the list price. City facade grant not yet used on the property. Act now to seize this profitable opportunity for now and the future. Seller requires NDA for property location and full features. Access details here: https://dealroom.realnex.com/login.aspx?drid=8824 |
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $5,127 (Annual) |
Additional Details
| Tax ID/APN: | 094EL007; 094EL006 |
| Zoning: | DK-E |
| Feet of Frontage: | 163 |
| Site Description: | City corner lot with high exposure among other retail and entertainment venues. 13 -minute walk to new stadium. |
| Area Description: | Tennessee Smokies Stadium at Hall of Fame Dr to property. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Year Built: | 1940 |
| Roof Type: | Flat |
| Construction/Siding: | Block, Other |
| Parking Type: | Surface |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Other |
| Internet Access: | Cable |
| Interior Description: | Convenience store and all FFE for deli operation. |
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