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


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.


Photograph of Listing Agent

Christa Rosenberg

Wallace Commercial KAAR CIE Member
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