22,000 Sq Ft of Retail / Warehouse Bldg
Retail-Commercial
for Sale
| Catylist Listing ID: |
30797249 |
| Property Subtypes: |
Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Building Size (RSF): |
22,000 SF
|
| Gross Land Area: |
1.53 Acres
|
| Sale Price: |
$900,000 |
| Unit Price: |
$40.91 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Freemans Furniture |
| Usable Size (USF): |
22,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2022 |
Overview / Comments
22,000 Sq Ft of Retail / Warehouse Bldg on Highway 25 E with approx. 8000 Avg Daily Traffic Count. Bldg sits on almost 2 acres with 284 Ft of Road Frontage with New Updated Electronic Sign. Currently has 2 Loading docks 1 with a Ramp for Drive in capabilities into Storage Warehouse. Currently operating as Freemans Furniture Store. The seller is selling the Real Estate and Bldg; however, if someone is interested in the business this can also be negotiated. The Retail Store currently has 2 Offices, Customer Service Counter, Large Showroom and 1 Smaller Showroom. The sellers are liquidating Estate properties. Serious Buyers and Requires Appointment Pease. Feel free to drive by. There are no real estate signs posted.
|
Additional Details
| Nearest MSA: |
Newport |
| County: |
Cocke |
| Tax ID/APN: |
015046E A 00500 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Newport and Douglas Lake |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 25.70 |
| Feet of Frontage: |
284 |
| Traffic/Vehicle Count: |
8,000 |
| Highway Access: |
Interstate 40. Exit 432. |
| Airports: |
Morristown within a 30 minute drive |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
22,000 SF |
| Property Condition: |
Good |
| Year Built: |
1975 |
| Roof Type: |
Flat |
| Construction/Siding: |
Metal Siding |
| Total Parking Spaces: |
50 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central, Ceiling Units |
| Air Conditioning: |
Other |
| Internet Access: |
Cable |
| Lot Frontage: |
284 |
| Lot Depth: |
316 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
046 E 005.00
DB 1072 DP 560 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,825 |
9,548 |
20,153 |
| Median Age: |
40.01 |
39.86 |
41.71 |
| Households: |
854 |
4,048 |
8,405 |
|
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