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

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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

Contact

Photograph of Listing Agent

Burlin Allen

Re/Max Between the Lakes
KAAR CIE Member
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